DTN Early Word Grains         01/12 05:49
   January's USDA Report Day is Known to be a Market Mover

   March corn is up 2 3/4 cents per bushel, March soybeans are up 4 3/4 cents,
March KC wheat is up 9 1/2 cents, March Chicago wheat is up 7 3/4 cents, and
MIAX March Minneapolis wheat is up 0.0400 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 2 3/4 cents per bushel,
March soybeans are up 4 3/4 cents, March KC wheat is up 9 1/2 cents, March
Chicago wheat is up 7 3/4 cents, and MIAX March Minneapolis wheat is up 0.0400
cents.

   CME GLOBEX RECAP: On Friday, corn closed slightly lower, soybeans slightly
higher, and wheat was unchanged. Most trading centered on positioning ahead of
Monday's USDA data dump. Corn basis weakened, while soybean, hard red winter
wheat, soft red winter wheat, and spring wheat basis were steady. Monday, the
USDA will release its January Crop Production Report, which includes final U.S.
crop estimates for 2025. Releases also include world updates in the WASDE
Report, U.S. Grain Stocks estimates as of December 1, and USDA will peg U.S.
winter wheat acres planted last fall on Monday. Traders expect large on-hand
supply estimates and large 2025 final crop estimates, laying the foundation for
a bearish market reaction in corn, soybeans, and wheat.

   OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial
Average up 237.96 at 49,504.07 and the S&P 500 up 44.82 at 6,966.28. The
10-Year Treasury yield ended at 4.171%. Early Monday, the March Dow Jones
Futures are down 383 points. European markets are mixed, with the spot futures
of London's FTSE 100 trading down 0.12%, spot futures of Germany's DAX are
trading up 0.26% and the spot futures of France's CAC 40 Index are down 0.2%.
Asian markets are higher, with Japan's Nikkei 225 Index up 1.61% and China's
Shanghai Composite Index up 1.09%.