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DTN Early Word Grains 12/03 06:28
Corn, Soybean, and Wheat Markets Show Little Pattern
March corn is down 2 1/4 cents per bushel, January soybeans are up 2 1/4
cents, March KC wheat is down 1 cent, March Chicago wheat is down 1/2 of a
cent, and MIAX March Minneapolis wheat is up 0.01 cents.
Mike McGinnis
DTN Contributing Analyst
MORNING GLOBEX NET CHANGES: March corn is down 2 1/4 cents per bushel,
January soybeans are up 2 1/4 cents, March KC wheat is down 1 cent, March
Chicago wheat is down 1/2 of a cent, and MIAX March Minneapolis wheat is up
0.01 cents.
CME GLOBEX RECAP: Soybeans rose overnight, while corn and wheat prices
declined early Wednesday. On Tuesday, corn and wheat closed higher, while
soybeans dropped. Traders face technical resistance in the corn market and
support levels in the soybean market. Demand remains strong for corn and wheat,
supported by solid inspections and export sales. The Energy Information
Administration will release its weekly Petroleum Status report at 9:30 a.m.
CST, including last week's ethanol production. Wednesday also marks Day 1 of
the DTN Ag Summit, starting at 9:30 a.m. with updates on this year's America's
Best Young Farmers and Ranchers, as well as a cattle market update.
OUTSIDE MARKETS: **unavailable at this time**
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