DTN Closing Grain Comments 11/25 14:04
Rains in Argentina, Southern Brazil and Liquidation Lead to Down Day
Weather is fickle. Although major producing province Mato Grosso looks to
remain unfavorably dry and hot, moderate to heavy rains are slated to fall in
much of Argentina and southern Brazil through the weekend. That, along with
profit-taking and liquidation ahead of first notice day on December futures,
led to a correction in grains and soybeans. Wheat led the way lower on
liquidation and higher Russian production forecasts, resulting in a 21-cent
lower close in Chicago.
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