DTN Early Word Grains         12/24 05:51
   Row Crop Markets Hold Out Hope for a Santa Claus Rally

   March corn is up 1 1/2 cents per bushel, January soybeans are up 4 1/4
cents, March KC wheat is up 4 3/4 cents, March Chicago wheat is up 4 1/4 cents,
and MIAX March Minneapolis wheat is down 0.0025 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 1 1/2 cents per bushel,
January soybeans are up 4 1/4 cents, March KC wheat is up 4 3/4 cents, March
Chicago wheat is up 4 1/4 cents, and MIAX March Minneapolis wheat is down
0.0025 cents.

   CME GLOBEX RECAP: On Tuesday, corn and wheat closed slightly higher, while
soybeans closed slightly lower. Tuesday's trade volume was light due to the
upcoming Christmas break. USDA released another delayed weekly export sales
report, showing strong demand for all three farm markets. Corn and spring wheat
basis weakened on Tuesday, while soybean basis was steady. Soft red winter
wheat and hard red winter wheat basis strengthened. In macroeconomic news, the
U.S. dollar fell to a 2 1/2-month low of 97.67 on Tuesday and is poised to drop
9.8% for the year, the lowest since 2017. Christmas Eve will feature a few
reports, including Initial Jobless Claims at 7:30 a.m. CST, but otherwise
expect a very quiet session with an early close at 12:05 p.m. CST.

   OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average up 79.73 at 48,442.41 and the S&P 500 up 31.30 at 6,909.79. The 10-Year
Treasury yield ended at 4.169%. Early Wednesday, the March Dow Jones Futures
are down 29 points. European markets are higher, with the spot futures of
London's FTSE 100 trading down 0.15%, spot futures of Germany's DAX are trading
up 0.12% and the spot futures of France's CAC 40 Index are up 0.2%. Asian
markets are mixed, with Japan's Nikkei 225 Index down 0.14% and China's
Shanghai Composite Index up 0.53%.