DTN Early Word Grains         01/02 05:48
   Row-Crop Traders Wipe the Market Slate Clean to Start 2026

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 1/2 cent per bushel,
March soybeans are down 15 cents, March KC wheat is down 7 1/4 cents, March
Chicago wheat is down 4 1/4 cents, and MIAX March Minneapolis wheat is down
0.0450 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 1/2 cent per bushel,
March soybeans are down 15 cents, March KC wheat is down 7 1/4 cents, March
Chicago wheat is down 4 1/4 cents, and MIAX March Minneapolis wheat is down
0.0450 cents.

   CME GLOBEX RECAP: On Wednesday, corn closed unchanged, soybeans plunged 15
cents, and wheat futures closed 7 cents lower. Soybean prices experienced a
fourth consecutive lower finish, wheat fell on rising global output, and corn
held steady on strong demand. Corn, hard red winter wheat, and spring wheat
basis were steady on Wednesday, while soybean and soft red winter wheat basis
were stronger. To start the year, traders will monitor daily soybean sales to
China, global wheat crop estimates, South America's crop weather, geopolitical
tensions in the Black Sea and the Middle East. In January, the USDA will
finalize its crop estimates for 2025. Additionally, the USDA, EIA, and CFTC
agencies will bring their weekly reports up to date for the first time since
the government shutdown.

   OUTSIDE MARKETS: The previous close on Wednesday showed the Dow Jones
Industrial Average down 303.77 at 48,063.29 and the S&P 500 down 50.74 at
6,845.50. The 10-Year Treasury yield ended at 4.163%. Early Friday, the March
Dow Jones Futures are up 203 points. European markets are mixed, with the spot
futures of London's FTSE 100 trading up 0.49%, spot futures of Germany's DAX
are trading down 0.05% and the spot futures of France's CAC 40 Index are up
0.28%. Asian markets are mixed, with Japan's Nikkei 225 Index steady, and
China's Shanghai Composite Index is steady. The March Euro is down 0.002 at
1.176, and the March U.S. Dollar Index is up 0.128 at 98.175.  The March
30-Year T-Bond is down 7/32nds, while February gold is up $67.90 at $4,409.00
and February crude oil is up $0.04 at $57.46. On China's Dalian Exchange, March
corn was down 0.54% while May soybeans were up 0.69%, May soybean meal was down
0.33% and March Malaysian Palm Oil was trading down 1.46%.