DTN Closing Grain Comments    12/23 13:49
   Ag Futures Mixed Tuesday as Trading Volumes Relax Ahead of Holiday

   Tuesday was, as expected, another very quiet session across row-crop
futures, with markets falling from early day gains amid a lack of volume
required to build momentum to break through technical ceilings. Another round
of solid export data from USDA, this time for the week ended Dec. 11 offered
some strength, which was countered by at least a temporary unwinding of some of
the surge seen in vegetable oil markets on Monday, specifically canola and
soybean oil. Palm oil futures in the meanwhile remained sharply higher. Outside
markets for Tuesday saw higher equity markets after U.S. third quarter GDP was
reported well above expectations and the highest quarterly growth for the U.S.
economy at annual rate of 4.3%. Energy markets were mixed to higher as well.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed up 1/2 cent and May corn was up 1 cent. January soybeans
closed down 1 3/4 cents and March soybeans were down 1 1/4 cents. March KC
wheat closed up 6 3/4 cents, March Chicago wheat was up 1 1/2 cents, March MIAX
Minneapolis wheat was up 1/4 cents.