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DTN Early Word Grains
Darin Newsom DTN Senior Analyst
Mon May 12, 2014 05:55 AM CDT
6:00 a.m. CME Globex:

July Corn 4 cents lower, July Soybeans 2 cents higher, and July Kansas City Wheat 11 cents lower.

CME Globex Recap:

Heavy selling was seen in wheat early in the overnight session, driving the market to sharp double-digit losses. Early Monday showed that most contracts had trimmed sell-offs by about half. Corn was also lower and near session lows. Old-crop soybeans showed some resiliency with the July contract posting a small rally, while the new-crop November was posting a minor loss. Outside commodities were mostly higher as the U.S. dollar index drifted lower.

OUTSIDE MARKETS:

The ...

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