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DTN Closing Grain Comments    11/30 13:40
   Soybean Meal Surges, Pulls Soybeans to Highest Level Since September

   While soybean oil lately has been the bullish stalwart of the soy complex,
on Wednesday it was soy meal which took over, appearing to have broken out to
the upside of a triangle chart pattern. Soybeans rose along with meal, to the
highest level since September, before setting back again. Another sale to China
and expectations for strong November crush sent soy higher. Soybean oil fell on
unexpected deliveries by a commercial firm. Wheat rebounded from the recent
pummeling, while corn weakened a bit on slowing ethanol use, and poor export
demand.

Dana Mantini
Senior Market Analyst

GENERAL COMMENTS:

   March corn closed down 2 1/2 cents and July corn was down 3 cents. January
soybeans closed up 10 cents and July soybeans were up 7 3/4 cents. March KC
wheat closed up 12 3/4 cents, March Chicago wheat was up 14 cents and March
Minneapolis wheat was up 8 cents. The December U.S. Dollar Index is trading
down 0.77 at 106.0. The Dow Jones Industrial Average is up 372.51 points at
34,225.04. December gold is up $13.60 at $1,762.0, December silver is up $0.74
at $21.94 and December copper is up $0.1405. December crude oil is up $2.25 at
$80.45, December ultra-low sulfur diesel is up $0.1093, December RBOB gasoline
is up $0.0999 and December natural gas is down $0.334.
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