DTN Closing Grain Comments 12/04 14:37
Soybean Prices Sink as Wheat Prices Climb Higher
January soybeans fell 18 3/4 cents to a new one-month low of $13.06 1/4
Monday after another weekend of favorable rains fell across central Brazil.
March contracts of wheat, on the other hand, closed a fifth day higher after
USDA reported a 16.2-million-bushel export sale to China.
DTN Lead Analyst
March corn closed up 3/4 cent and July corn was down 1/4 cent. January
soybeans closed down 18 3/4 cents and July soybeans were down 16 3/4 cents.
March KC wheat closed up 11 cents, March Chicago wheat was up 17 3/4 cents and
March Minneapolis wheat was up 6 cents.
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