DTN Early Word Grains         01/29 05:44
   For the week, Wheat Rises 5.3%, Corn 2.0%, and Soybeans 1.6%

   March corn is up 2 3/4 cents per bushel, March soybeans are up 6 3/4 cents,
March KC wheat is up 5 1/4 cents, March Chicago wheat is up 6 3/4 cents, and
MIAX March Minneapolis wheat is up 0.0450 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 6 3/4 cents, March KC wheat is up 5 1/4 cents, March
Chicago wheat is up 6 3/4 cents, and MIAX March Minneapolis wheat is up 0.0450
cents.

   CME GLOBEX RECAP: On Wednesday, March corn closed up 3 1/2 cents, March
soybeans closed up 7 3/4 cents, and March KC wheat closed up 9 1/2 cents. Corn
and soft red winter wheat basis were steady, while spring wheat, soybean, and
hard red winter wheat basis were stronger on Wednesday. Soybeans extended their
weekly gains, while profit-taking pressured soybean oil prices. Wednesday's
trade was supported by pro-E15 remarks by President Trump during his speech in
Iowa on Tuesday. That said, bullishness faded from daily highs amid a general
lack of news. Wheat rallied on short covering. In general, traders are focused
on South America's crop weather and any new soybean business from China.
Thursday will kick off with the weekly export sales report from the USDA at
7:30 a.m. CST. Also, at 7:30, the Census Bureau will release the delayed trade
balance report for November 2025. In the afternoon, USDA will release its
weekly slaughter recap at 2 p.m. CST.

   OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones
Industrial Average up 12.19 at 49,015.60 and the S&P 500 down 0.57 at 6,978.03.
The 10-Year Treasury yield ended at 4.251%. Early Thursday, the March Dow Jones
Futures are up 14 points. European markets are mixed, with the spot futures of
London's FTSE 100 trading up 0.27%, spot futures of Germany's DAX are trading
down 1.2%, and the spot futures of France's CAC 40 Index are up 0.56%. Asian
markets are higher, with Japan's Nikkei 225 Index up 0.03% and China's Shanghai
Composite Index up 0.16%.