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DTN Early Word Grains 09/17 05:50
Row Crop Markets Stay Quiet Before Trade Summit, Yield Reports
December corn is up 1 cent per bushel, November soybeans are up 5 1/4 cents,
December KC wheat is up 1 1/4 cents, December Chicago wheat is down 2 1/4
cents, and MIAX December Minneapolis wheat is up 0.0275 cents.
Mike McGinnis
DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 cent per bushel,
November soybeans are up 5 1/4 cents, December KC wheat is up 1 1/4 cents,
December Chicago wheat is down 2 1/4 cents, and MIAX December Minneapolis wheat
is up 0.0275 cents.
CME GLOBEX RECAP: On Wednesday, December corn dropped 1 1/2 cents, November
soybeans rose 1 3/4 cents, and December KC wheat rose 3 1/4 cents. Soybean
basis was weaker, and spring wheat basis was stronger Wednesday, while corn,
hard red winter wheat and soft red winter wheat basis was steady. The theme for
the row crop markets on Wednesday was a late session return to higher prices in
an otherwise mild trading day. The U.S. Senate Agriculture Committee voted
Wednesday to move the Agricultural Act of 2026 (Farm Bill) to the full Senate
floor, including a provision allowing E15 gasoline to be sold year-round. The
bill now moves to the Senate floor for the full body to consider sometime
before an October adjournment. On Thursday, USDA will release the weekly Export
Sales report at 7:30 a.m. CDT, with data as of September 10. In the afternoon,
the monthly ERS Livestock, Dairy, and Poultry Outlook will be out at 2 p.m.
CDT, along with the weekly Livestock Slaughter report at the same time.
OUTSIDE MARKETS: The previous close on Wednesday showed the Dow Jones
Industrial Average down 631.21 at 51,461.90 and the S&P 500 down 33.92 at
7,551.81. The 10-Year Treasury yield ended at 5.006%. Early Thursday, the
December Dow Jones Futures are up 369 points. European markets are higher, with
spot futures for London's FTSE 100 up 0.34%, spot futures for Germany's DAX up
0.44%, and spot futures for France's CAC 40 Index up 0.21%. Asian markets are
mixed, with Japan's Nikkei 225 Index up 0.33% and China's Shanghai Composite
Index down 0.41%.
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