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DTN Early Word Grains 01/15 05:47
Row-Crop Markets Attract Outside Investors, Upside Seen Limited
March corn is up 2 1/4 cents per bushel, March soybeans are up 2 1/2 cents,
March KC wheat is up 4 1/2 cents, March Chicago wheat is up 3 1/4 cents, and
MIAX March Minneapolis wheat is steady.
Mike McGinnis
DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn is up 2 1/4 cents per bushel,
March soybeans are up 2 1/2 cents, March KC wheat is up 4 1/2 cents, March
Chicago wheat is up 3 1/4 cents, and MIAX March Minneapolis wheat is steady.
CME GLOBEX RECAP: On Wednesday, corn, soybean, and wheat markets finished
higher, with buyers seeing opportunities at these low prices. Broadly, there is
a sense that outside investors are looking more closely at commodities as the
asset class of choice, as gold and silver markets surge higher. Corn, soybean,
spring wheat, and hard red winter wheat basis were steady on Wednesday, while
soft red winter wheat basis was stronger. Grain market news will get an early
start on Thursday with the release of Conab's (Brazil) January crop report at 6
a.m. CST, which will give another look at estimates for 2026 crops in Brazil
following USDA's updates on Monday. Later on, USDA will release its weekly
export sales report, out at 7:30 a.m., which includes data up to the week
ending January 8.
OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones
Industrial Average down 42.36 at 49,149.63 and the S&P 500 down 37.14 at
6,926.60. The 10-Year Treasury yield ended at 4.14%. Early Thursday, the March
Dow Jones Futures are up 58 points. European markets are mixed, with the spot
futures of London's FTSE 100 trading up 0.72%, spot futures of Germany's DAX
are trading down 0.07%, and the spot futures of France's CAC 40 Index are down
0.23%. Asian markets are lower, with Japan's Nikkei 225 Index down 0.42% and
China's Shanghai Composite Index down 0.33%.
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