DTN Closing Grain Comments    12/16 13:47
   December Price Plunge Continues as Soybeans Approach 2-Month Lows

   Row-crop prices continued to deteriorate from November highs on Tuesday.
January soybeans have now given back roughly 70% of market gains from the Sept.
30 low close to the Nov. 17 high close, a frustrating turn of events as bearish
traders focus on widespread South American rainfall and begin to bank on
another record soybean crop in Brazil for 2026 and the potential for record
corn production in Argentina as well. Outside markets for Tuesday leaned
negative in regard to influence on ag futures, with crude oil prices sliding
yet again and officially setting new lows for 2025 amid high world production
and lower perceived geopolitical risk as Russia, Ukraine, and world leaders
work toward a peace solution in the Black Sea. Equity markets were also lower
on a higher-than-expected unemployment reading for November in Tuesday's report.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 3 1/4 cents and May corn was down 3 1/4 cents.
January soybeans closed down 9 cents and March soybeans were down 9 1/2 cents.
March KC wheat closed down 7 cents, March Chicago wheat was down 11 1/4 cents,
March MIAX Minneapolis wheat was down 3 3/4 cents.