DTN Closing Grain Comments    12/13 13:43
   Grain Futures Lose Momentum Throughout Week as Oversupply Concerns Linger

   The trade is now three days removed from the December WASDE report which saw
overall bullish adjustments to the U.S. balance sheet; yet it appears when
looking at price action over the past three sessions it may be a classic
example of "buying the rumor and selling the fact" amongst traders as ag
futures have now erased gains made Tuesday post USDA release. Some premium from
last week's strong finish still remains in the market as it seems the trade
will shift focus back to the still burdensome supply side of the balance sheet
ahead of the key January WASDE from USDA as well as pivotal weeks of South
American weather on the horizon. Outside markets leaned negative as well to
close the week as the U.S. Dollar Index continues to attempt to climb back
toward late November highs, while equity markets continued a sideways week with
pressure on Friday.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 1 1/2 cents and May corn was down 1 3/4 cents.
January soybeans closed down 7 1/2 cents and March soybeans were down 8 1/4
cents. March KC wheat closed down 5 3/4 cents, March Chicago wheat was down 6
1/4 cents and March Minneapolis wheat was down 4 cents.