DTN Closing Grain Comments    12/05 13:42
   Choppy Price Action Continues as Ag Markets Bounce Thursday

   Rangebound, cautious trade continued into Thursday as traders are content
for the time being with apparent short-term trade horizons, not wanting to get
caught either short or long going into the USDA report next Tuesday. Outside
markets leaned positive with the U.S. dollar continuing its correction from
two-year highs, bolstering U.S. export sentiment in the process. In the
meanwhile, palm oil futures are due a large deal of credit for the pullback in
U.S. grains Thursday, as palm oil prices continue their surge back to early
November highs on flooding/production concerns in Indonesia and Malaysia.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   March corn closed up 5 cents and May corn was up 5 cents. January soybeans
closed up 10 cents and March soybeans were up 9 1/4 cents. March KC wheat
closed up 10 cents, March Chicago wheat was up 10 cents and March Minneapolis
wheat was up 9 cents.