DTN Early Word Grains         01/09 05:46
   Friday's Trade is About Handicapping Monday's USDA Data Dump

   March corn is down 1/2 cent per bushel, March soybeans are up 5 cents, March
KC wheat is down 3 1/4 cents, March Chicago wheat is down 2 1/4 cents, and MIAX
March Minneapolis wheat is down 0.0050 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is down 1/2 cent per bushel,
March soybeans are up 5 cents, March KC wheat is down 3 1/4 cents, March
Chicago wheat is down 2 1/4 cents, and MIAX March Minneapolis wheat is down
0.0050 cents.

   CME GLOBEX RECAP: On Thursday, the corn, soybean, and wheat markets closed
lower as traders kept positions close to the vest ahead of Monday's USDA data
dump. The corn basis strengthened on Thursday, while the basis for soybeans,
hard red winter wheat, soft red winter wheat, and spring wheat was steady. On
Monday, the USDA will release its January Crop Production Report, which
includes final U.S. crop estimates for 2025. The report will also include world
updates in the WASDE Report along with the U.S. Grain Stocks estimates as of
December 1. Additionally, the USDA will peg U.S. winter wheat acres planted
last fall on Monday. Friday's trade will be about positioning ahead of that
data. In general, large on-hand supplies and crop estimates are expected in
these reports, resulting in a bearish sentiment for corn, soybean, and wheat
markets.

   OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average up 270.03 at 49,266.11 and the S&P 500 up 0.53 at 6,921.46. The 10-Year
Treasury yield ended at 4.183%. Early Friday, the March Dow Jones Futures are
down 3 points. European markets are higher, with the spot futures of London's
FTSE 100 trading up 0.55%, spot futures of Germany's DAX are trading up 0.17%
and the spot futures of France's CAC 40 Index are up 0.72%. Asian markets are
higher, with Japan's Nikkei 225 Index up 1.61% and China's Shanghai Composite
Index up 0.92%.