MARKETS NEWS
DTN Before The Bell Grain Comments
Elaine Kub Contributing Analyst
Wed Jan 16, 2013 08:42 AM CST

8:30 a.m. CME Globex:Corn 3 higher, Soybeans 13 3/4 higher, Wheat 5 higher. Soybeans have made the most sudden and emphatic gains so far Wednesday morning, but the feed grains are also moving higher.

Other Market:

Dow Jones: Lower
U.S. Dollar Index: Higher
Gold: Lower
Crude Oil: Higher

Corn:

The general tone of the grain and oilseed markets is once again bullish Wednesday morning, but still the new crop December 2013 corn contract is resisting upward movement. The fundamental bullishness in this market is definitely less present for new crop (which could see huge acreage and normal yields in 2013) ...

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