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DTN Early Word Grains 12/04 06:42
Row-Crop Markets Trade Technicals, Waiting for Fundamental News
March corn is down 1 cent per bushel, January soybeans are up 3 1/4 cents,
March KC wheat is down 1 3/4 cents, March Chicago wheat is down 2 1/4 cents,
and MIAX March Minneapolis wheat is up 0.0200 cents.
Mike McGinnis
DTN Contributing Analyst
MORNING GLOBEX NET CHANGES: March corn is down 1 cent per bushel, January
soybeans are up 3 1/4 cents, March KC wheat is down 1 3/4 cents, March Chicago
wheat is down 2 1/4 cents, and MIAX March Minneapolis wheat is up 0.0200 cents.
CME GLOBEX RECAP: Soybeans rose overnight, while corn and wheat prices
declined early Thursday. On Wednesday, all three markets closed lower. Corn and
soybean basis were stronger, while soft red winter wheat and hard red winter
wheat basis were steady on Wednesday, and spring wheat basis was weaker.
Traders work their way to the end of the week, watching for daily flash sales
of soybeans to China. On Thursday, Statistics Canada will release their final
production estimates for 2025 crops at 7:30 a.m. CST. At the same time, USDA
will release another delayed export sales report, bringing data forward to the
end of October. Also, Thursday will be Day 2 of the DTN Ag Summit, with
weather and grain market updates beginning at 9:30 a.m. CST.
OUTSIDE MARKETS: **unavailable at this time**
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