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DTN Early Word Grains 08/05 05:41
8/5/2025 - 06:13:00
DTN Early Word Grains 08/05 05:41 Market Participants Trade the Bearish Fundamentals in Front of Them September corn is down 1 1/2 cents and September soybeans are up 2 cents. December corn is down 1 3/4 cents and November soybeans are up 2 1/2 cents. September KC wheat is down 3 cents, September Chicago wheat is down 1 1/4 cents, and September MIAX Minneapolis wheat is up 1 1/2 cents. Mike McGinnis DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: September corn is down 1 1/2 cents and September soybeans are up 2 cents. December corn is down 1 3/4 cents and November soybeans are up 2 1/2 cents. September KC wheat is down 3 cents, September Chicago wheat is down 1 1/4 cents, and September MIAX Minneapolis wheat is up 1 1/2 cents. CME GLOBEX RECAP: The row-crop markets diverged on Monday with the new crop corn contract looking for a bottom, closing 3 cents lower, soybeans up 5 cents, and wheat down a penny. Corn started the week's trading on higher ground only to reverse lower, hitting contract lows by the end of the session. The technical side of the market took over the soybean complex for a day, knowing the fundamentals remain bearish. Wheat traders await more fundamental news, with harvest underway in the Pacific Northwest, much-needed rain falling on a weaker conditioned spring wheat crop. Overall, updated weather forecasts each day continue to support the bears, with the market bulls staring at unchanging fundamentals. No confirmation of trade talks between the U.S. and China has not helped market sentiment. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 585.06 at 44,173.64 and the S&P 500 Index up 91.93 at 6,329.94. The 10-Year Treasury yield ended at 4.20%. Early Tuesday, September Dow Jones futures are down 27 points. European markets are higher with the spot futures of the London FTSE 100 trading up 0.42%, spot futures of Germany's DAX trading up 0.77% and spot futures of France's CAC Index trading up 0.29%. Asian markets are higher with Japan's Nikkei 225 index up 0.64% and China's Shanghai Composite Index up 0.96%.