DTN Closing Grain Comments    12/03 13:45
   Ag Markets Finish Tuesday Trade Mostly Positive

   Strength has returned in recent days to the vegetable oil and oilseed
markets as flooding in Malaysia and Indonesia has raised palm oil production
concerns. Protectionist attitudes among world economies have also bolstered
prices Tuesday, as reports out of Russia indicate an increase in wheat export
tax in tandem with a reduction in that country's export quota for wheat
February 2025 and forward. Outside market influence Tuesday leaned supportive
to ag futures with crude oil up and the U.S. Dollar Index down as the market
prepares for another revision lower of the U.S. Federal funds rate during the
Fed meeting later this month.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 1/4 cents and May corn was down 1 cent. January
soybeans closed up 6 1/2 cents and March soybeans were up 6 1/4 cents. March KC
wheat closed up 1 1/4 cents, March Chicago wheat was up 1/4 cents and March
Minneapolis wheat was up 2 1/4 cents.