DTN Early Word Grains 02/13 05:43
13 Feb 2025
DTN Early Word Grains 02/13 05:43 Wheat Markets Firm, Corn Lower, Soy Complex Mixed Early Thursday March corn is down 1 1/4 cents per bushel, March soybeans are up 1 1/2 cents, March KC wheat is up 7 1/2 cents, March Chicago wheat is up 5 3/4 cents and March Minneapolis wheat is up 4 cents. Dana Mantini Senior Market Analyst CME GLOBEX RECAP: March corn is down 1 1/4 cents per bushel, March soybeans are up 1 1/2 cents, March KC wheat is up 7 1/2 cents, March Chicago wheat is up 5 3/4 cents and March Minneapolis wheat is up 4 cents. Early morning Thursday trade is slow, with corn slightly lower, soybeans mixed to lower and wheat starting off firm following four consecutive down days. Weather remains short-term favorable in South America with rain in Argentina and a good mix of sun and showers in central and northern Brazil, allowing the soy harvest and safrinha corn seeding to advance. U.S. corn demand remains solid, while soy demand is likely to slack off as Brazil is advancing the harvest of what is guaranteed to be a record-large soybean crop. Outside markets have calmed a bit with the U.S. Dollar Index lower, equities little changed and crude oil continuing to correct downward. OUTSIDE MARKETS: Previous close Wednesday showed the Dow Jones Industrial Average down 225.09 at 44,368.56 and the S&P 500 down 16.53 at 6,051.97, The 10-Year Treasury yield ended at 4.637%. Early Thursday, the March Dow Jones Futures are up 25 points. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.64%, spot futures of Germany's DAX is trading up 1.62% and the spot futures of France's CAC 40 Index up 1.4%. Asian markets are mixed with Japan's Nikkei 225 Index up 1.28% and China's Shanghai Composite Index down 0.42%.