DTN Early Word Grains         12/19 05:43
   Row-Crop Seasonal Trading Faces Lower Volume

   March corn is down 1 cent per bushel, January soybeans are down 2 3/4 cents,
March KC wheat is down 3/4 cent, March Chicago wheat is down 3/4 cent, and MIAX
March Minneapolis wheat is up 0.0175 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is down 1 cent per bushel,
January soybeans are down 2 3/4 cents, March KC wheat is down 3/4 cent, March
Chicago wheat is down 3/4 cent, and MIAX March Minneapolis wheat is up 0.0175
cents.

   CME GLOBEX RECAP: On Thursday, corn finished 4 cents higher and wheat closed
9 cents higher, while soybeans closed 6 cents lower. Corn, soft red winter
wheat, hard red winter wheat, soybean, and spring wheat basis were steady.
Friday will be active for USDA reports, beginning at 10 a.m. CST with the Food
Expenditure and Food Price Outlooks from ERS. In the afternoon, USDA will
release its December Cattle on Feed report and its monthly Chicken and Eggs
report, both at 2 p.m. CST. Finally, the week will wrap up with the release of
CFTC's Commitments of Traders report at 2:30 p.m. CST, including futures and
options positions as of December 9th, 2025. Also, the EIA will release its
Weekly Petroleum Status Report next Monday. Because of Christmas week, the
report has been moved from Wednesday.

   OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 65.88 at 47,951.85 and the S&P 500 up 53.33 at 6,774.76. The 10-Year
Treasury yield ended at 4.116%. Early Friday, the March Dow Jones Futures are
down 12 points. European markets are lower, with the spot futures of London's
FTSE 100 trading down 0.15%, spot futures of Germany's DAX are trading down
0.13% and the spot futures of France's CAC 40 Index are down 0.07%. Asian
markets are higher, with Japan's Nikkei 225 Index up 1.03% and China's Shanghai
Composite Index up 0.36%.