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DTN Early Word Grains         12/14 05:53
   Back to the Grind

   March corn was fractionally lower, January soybeans were 5 cents lower, and
March Chicago (SRW) was fractionally lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   March corn was fractionally lower, January soybeans
were 5 cents lower, and March Chicago (SRW) was fractionally lower.

CME Globex Recap:   Soybeans were under pressure again overnight, losing about
a nickel through early Thursday morning. Light spillover pressure was seen in
corn, though contracts only posted a 1 cent trading range for the session.
Wheat was fractionally higher. Outside commodities were mixed with softs mostly
higher, energies mostly lower, and metals showing a strong rally despite
Wednesday's interest rate increase by the FOMC. DJJIA futures continue to rally
while the U.S. dollar index, surprisingly, was lower.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 80.63 points (0.3%)
higher at 24,585.43, the NASDAQ Composite gained 13.48 points (0.2%) to
6,875.80, and the S&P 500 slipped 1.26 points to 2,662.85 Wednesday. DJIA
futures were 34 points higher early Thursday morning. Asian markets closed
mostly lower with Japan's Nikkei 225 down 63.62 points (0.3%), Hong Kong's Hang
Seng off 55.72 points (0.2%), and China's Shanghai Composite losing 10.60
points (0.3%). European markets were trading lower with London's FTSE 100 down
18.20 points (0.2%), Germany's DAX off 72.13 points (0.6%), and France's CAC 40
losing 23.42 points (0.4%). The euro gained 0.0003 to 1.1830 as the U.S. dollar
index dipped 0.05 to 93.41. March 30-year T-Bonds were 10/32 lower at 153'12
while February gold gained $9.60 to $1,258.20. January bitcoin was $115 higher
at $17,170. Crude oil was $0.01 lower at $56.59 while Brent crude added $0.05
to $62.49. China's Dalian soybean futures were mixed and Malaysian palm oil
futures were lower again overnight.
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