DTN Closing Grain Comments    12/08 14:04
   Soybean Melt Down Continues as China Sales Fail to Impress Traders

   Ahead of the December edition of the World Agricultural Supply and Demand
Estimates (WASDE) report on Tuesday, traders sent row-crop prices lower to
begin the week with the soybean market leading the way. Selling has accelerated
in soybean futures following a bearish technical break late last week, while
traders are clearly anxious regarding the trade situation with rainfall in
Brazil over the past week also weighing on prices. In outside markets, equities
turned lower on Monday after rallying through last week back toward October
record highs, hitting technical resistance in the process. Energy futures were
lower, while the U.S. dollar was firmer for the third straight session. Later
Monday afternoon, President Trump is expected to unveil $12 billion in aid to
U.S. ag producers during a roundtable meeting at the White House.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed down 1 cent per bushel at $4.43 3/4 and May closed down 1
cent per bushel at $4.51 1/4 and January soybeans closed down 11 1/2 cents at
$10.93 3/4 and May soybeans were down 8 3/4 cents at $11.16 3/4. March KC wheat
closed down 4 3/4 cents at $5.26 1/2, March Chicago wheat was down 1 cent at
$5.34 3/4 and MIAX March Minneapolis wheat was down 1 3/4 cents at $5.7125.