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DTN Early Word Grains         10/12 05:43
   Grains Set to Finish Week on a Higher Note

   December corn was up 1/4, November soybeans were up 6 1/2, and December MPLS
wheat was up 3 1/4.


Tregg Cronin
DTN Contributing Analyst

Pre-5:00 a.m. CME Globex:   December corn was up 1/4, November soybeans were up
6 1/2, and December MPLS wheat was up 3 1/4.

CME Globex Recap:   Global equities are firmer, producing a relief rally after
the S&P 500 had lost just shy of 5% the previous two sessions. This week has
rattled investors with large nominal swings even if on a percentage basis the
losses haven't been as bad as other selloffs. Safe-haven assets like treasuries
and gold are not in demand to close the week. Grains enjoying an end of the
week bounce on less bearish USDA reports than expected.

OUTSIDE MARKETS:   Previous closes on Thursday showed the Dow Jones Industrial
Average down 545.91 points at 25,052.83 and the S&P 500 down 57.31 points at
2,728.37 while the 10-year Treasury yield ended at 3.169%. Early Friday, DJIA
futures were up 202.00. Asian markets were higher with Japan's Nikkei 225 up
103.80 points (0.46%) and China's Shanghai Composite was up 23.45 points
(0.91%). European markets are higher with London's FTSE 100 up 33.34 points
(0.48%), Germany's DAX up 29.87 points (0.26%), and France's CAC 40 up 16.26
points (0.32%). The euro was down 0.00095 at 1.15865 and the U.S. dollar index
was up 0.0730 at 95.1150. September 30-year T-Bonds were down 22/32nds while
December gold was down $5.10 at $1222.50 and November crude oil was up $0.50 at
$71.47. Soybeans on China's Dalian Exchange closed up 0.64% and soymeal closed
down 1.67%.
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