DTN Closing Grain Comments    11/03 13:55
   Grain Futures Continue to Sink Despite Pick Up in Demand

   Row crop futures were under continued pressure on Tuesday, with wheat prices
leading the decline on apparent confirmation that officials from the U.S.,
Ukraine, and Russia will meet in Abu Dhabi on Nov. 10-11 to attempt to
negotiate a ceasefire in the Black Sea war. Corn and soybeans headed lower as
well, despite the former seeing a strong resurgence in export demand this week,
indicating that world buyers have taken note of lower U.S. prices over the past
two months. Energy futures were mixed with lower crude oil and higher gas and
diesel futures. The U.S. launched limited strikes against Iran on Monday, as
the two sides reportedly remain far apart on terms for ending the war.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed down 5 3/4 cents and March corn was down 5 3/4 cents.
January soybeans closed down 2 3/4 cents and March soybeans were down 5 3/4
cents. December KC wheat closed down 9 3/4 cents, December Chicago wheat was
down 6 3/4 cents, December MIAX Minneapolis wheat was down 6 1/4 cents.