DTN Closing Grain Comments    11/21 13:45
   Weekly Selloff Slows Into Weekend as Prices Find Technical Support

   Markets took on a more reserved tone Friday ahead of the weekend, with
futures trading both sides of even but gaining some semblance of footing
following a turn lower across the middle part of the past week. For the most
part, it was a retracement-themed week as prices finished on Friday very close
to last week's close, with traders for now removing Monday's premium primarily
from the soybean market. The support points which propped up prices for Friday
will be interesting to monitor when trade resumes on Sunday evening and into
next week's holiday-shortened week. Outside markets for Friday were mixed, with
equities recovering near October lows. Meanwhile, energy markets headed lower
again with January crude oil futures posting the lowest close in a month behind
the idea that the proposed peace plan between Russia and Ukraine would
ultimately result in a lifting of existing sanctions against the Russian oil
industry.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed down 1 cent and March corn was down 1/4 cent. January
soybeans closed up 2 1/2 cents and March soybeans were up 2 1/4 cents. December
KC wheat closed up 4 3/4 cents, December Chicago wheat was unchanged, December
MIAX Minneapolis wheat was down 7 3/4 cents.