NEWS
DTN Before The Bell Grain Comments
Elaine Kub Contributing Analyst
Fri Jan 4, 2013 08:36 AM CST

8:30 a.m. CME Globex:Corn 1 1/4 lower, Soybeans 2 higher, Wheat 3/4 lower. The biggest fundamental news of the week (fiscal cliff avoidance, soybean sales cancellations) may have already passed through the grain markets, and Fridays session could focus on consolidation.

Other Markets:

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

Corn:The weekly export report Friday morning showed very low U.S. corn exports compared to traders' already-bearish expectations (49,000 instead of 200,000 metric tons). This could be contributing pressure to the market Friday morning. Other than these subtle adjustments to the export outlook or domestic usage ...

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