DTN Closing Grain Comments 12/01 13:41

DTN Closing Grain Comments 12/01 13:41 Soybeans, Soy Oil Plummet; Corn, Wheat Falter on Poor Export Demand Soybean oil led the way lower, dragging the soy market to huge losses as well. Disappointment on proposed EPA volume obligations, bearish South American weather, and news that Argentina is selling more soybeans to China are feeding into the weakness. Wheat and corn both featured low weekly export sales, sending those two markets reeling again. Dana Mantini Senior Market Analyst GENERAL COMMENTS: March corn closed down 6 1/2 cents and July corn was down 5 3/4 cents. January soybeans closed down 39 3/4 cents and July soybeans were down 37 1/2 cents. March KC wheat closed down 9 1/2 cents, March Chicago wheat was down 12 1/2 cents and December Minneapolis wheat was down 4 1/2 cents. The December U.S. Dollar Index is trading down 1.15 at 104.75. The Dow Jones Industrial Average is down 200.99 points at 34,388.78. December gold is up $56.30 at $1,816.20, December silver is up $1.16 at $22.94 and December copper is up $0.060. December crude oil is up $0.97 at $81.52, December ultra-low sulfur diesel is down $0.0913, December RBOB gasoline is down $0.0335 and December natural gas is down $0.179.