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DTN Early Word Grains 09/29 05:48
Crop Progress Flashes Bullish Signals for the Row-Crop Markets
December corn is steady, November soybeans are down 1 cent, December KC
wheat is down 10 1/4 cents, December Chicago wheat is down 5 1/2 cents, and
MIAX December Minneapolis wheat is down 0.0150 cents.
Mike McGinnis
DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn is steady, November soybeans
are down 1 cent, December KC wheat is down 10 1/4 cents, December Chicago wheat
is down 5 1/2 cents, and MIAX December Minneapolis wheat is down 0.0150 cents.
CME GLOBEX RECAP: On Monday, December corn fell 5 1/4 cents, November
soybeans fell 30 1/4 cents, and December KC wheat fell 16 1/4 cents. Soybean
and corn basis was stronger Monday, while spring wheat, soft red winter, and
hard red winter wheat basis were steady. Monday's trade was led by a weaker
soybean market amid disappointment that China decided to leave soybeans off a
list of $30 billion worth of tariff cuts. That created a risk-off mentality and
pulled row crops lower. Late Monday, the USDA Crop Progress Report showed sharp
delays in harvest activity, with more rain on the way in the Midwest. On
Wednesday, September 30, 2026, USDA will release its quarterly Grain Stocks
report and the annual Small Grains Summary. In the Stocks report, USDA will
take one last look at the 2025 U.S. corn and soybean crops. Outside markets,
driven by a rising crude oil market due to a deadlock in ceasefire talks,
continue to support farm markets.
OUTSIDE MARKETS: The previous close on Monday showed the Dow Jones
Industrial Average down 347.11 at 51,481.51 and the S&P 500 down 59.72 at
7,683.69. The 10-Year Treasury yield ended at 5.24%. Early Tuesday, the
December Dow Jones Futures are down 44 points. European markets are higher,
with spot futures for London's FTSE 100 up 0.06%, spot futures for Germany's
DAX up 0.42%, and spot futures for France's CAC 40 Index up 0.18%. Asian
markets are mixed, with Japan's Nikkei 225 Index down 0.6% and China's Shanghai
Composite Index up 0.18%.
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