DTN Early Word Grains         12/30 05:35
   Corn, Soybean Markets Seek Bullish Momentum to Start 2026

   March corn is up 1/4 cent per bushel, March soybeans are up 4 cents, March
KC wheat is down 1/2 cent, March Chicago wheat is up 1 cent, and MIAX March
Minneapolis wheat is down 0.0125 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 1/4 cent per bushel,
March soybeans are up 4 cents, March KC wheat is down 1/2 cent, March Chicago
wheat is up 1 cent, and MIAX March Minneapolis wheat is down 0.0125 cents.

   CME GLOBEX RECAP: Monday, corn, soybean and wheat futures closed lower.
Overall, favorable crop weather in South America, combined with improved talks
between the U.S., Russia, and Ukraine to end the war, created a bearish trade
environment. Corn, soybean, spring wheat, hard red winter wheat, and soft red
winter wheat basis were stronger Monday. Tuesday will be another slow day for
reports, with no major releases due from USDA. The minutes of the December FOMC
meeting will be released at 1 p.m. CST, which may offer more insight to traders
and investors as to the Fed's monetary policy outlook heading into 2026.

   OUTSIDE MARKETS: The previous close on Monday showed the Dow Jones
Industrial Average down 249.04 at 48,461.93 and the S&P 500 down 24.20 at
6,905.74. The 10-Year Treasury yield ended at 4.116%. Early Tuesday, the March
Dow Jones Futures are down 12 points. European markets are higher, with the
spot futures of London's FTSE 100 trading up 0.45%, spot futures of Germany's
DAX are trading up 0.29% and the spot futures of France's CAC 40 Index are up
0.26%. Asian markets are lower, with Japan's Nikkei 225 Index down 0.37% and
China's Shanghai Composite Index down 0%. The March Euro is unchanged at 1.182,
and the March U.S. Dollar Index is down 0.057 at 97.675. The March 30-Year
T-Bond is steady while February gold is up $59.10 at $4,402.70 and February
crude oil is up $0.21 at $58.29. On China's Dalian Exchange, March corn was up
0.18% while May soybeans were up 1.08%, May soybean meal was down 0.72% and
March Malaysian Palm Oil was trading up 0.57%.