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DTN Closing Grain Comments 11/25 13:48
Markets Settle Into Narrow Range Ahead of Holiday Pause
As expected for Thanksgiving week, grain and oilseed markets have been very
quiet and more or less directionless thus far, struggling to gain breakout
momentum in either direction with many traders likely on the sidelines and
taking an extended holiday break from the action. The trade, albeit thin, does
exhibit the characteristic of at least a short-term bottom in accordance to
technical guidelines. Outside markets for Tuesday were mixed with higher
equities, but weaker energy markets with crude oil futures working their way
back toward 2025 lows.
Rhett Montgomery
DTN Lead Analyst
GENERAL COMMENTS:
December corn closed down 1/4 cent and March corn was up 1 1/2 cents.
January soybeans closed up 1 1/2 cents and March soybeans were up 2 3/4 cents.
March KC wheat closed up 5 3/4 cents, March Chicago wheat was up 4 1/2 cents,
March MIAX Minneapolis wheat was up 4 3/4 cents.
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