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DTN Early Word Grains         10/01 05:55
   Grains Higher on USDA Report Follow-Through

   December corn is up 2 3/4 cents per bushel, November soybeans are up 5 3/4
cents, and December KC wheat is down 2 1/4 cents.

Tregg Cronin
DTN Contributing Analyst

   Pre-6 a.m. Globex Prices:  December corn is up 2 3/4 cents per bushel,
November soybeans are up 5 3/4 cents, and December KC wheat is down 2 1/4 cents.

   CME Globex Recap: Stronger equity markets overnight with U.S. futures
painting a higher open for cash markets when they open Thursday morning.
Optimism about another stimulus package in the United States before the
November election seems to be growing. Energy markets are weaker with the
exception of natural gas which is up over 2.0% and continues its erratic trade
of late. The U.S. Dollar Index is weaker overnight, slipping back below the
94-handle level and closing in on the 50-day moving average at 93.32. Precious
metals are firmer. Grain markets are higher overnight, adding to Wednesday's
impressive gains following the bullish slate of USDA reports. To call
Wednesday's USDA data a curve ball would be underselling the changes in a
dramatic way. USDA reaching back in time to make revisions is something no one
saw coming but will hold implications for months to come.

   OUTSIDE MARKETS:  Previous closes on Wednesday showed the Dow Jones
Industrial Average up 329.04 at 27,781.70 and the S&P 500 up 27.53 at 3,335.47
while the 10-Year Treasury yield ended at 0.677%. Early Thursday, the December
DJIA futures are up 232 points. Asian markets are lower with Japan's Nikkei 225
down 0.19 (-0.01%) and China's Shanghai Composite down 6.31 points (-0.2%).
European markets are higher with London's FTSE 100 up 50.1 points (0.85%),
Germany's DAX up 18.84 points (0.15%) and France's CAC 40 up 36.99 points
(0.77%). The December Euro is up 0.003 at 1.180 and the December U.S. dollar
index is down 0.107 at 93.820. The December 30-Year T-Bond is down 20/32nds,
while December gold is up $7.00 at $1,902.50 and November crude oil is down
$0.37 at $39.85. Soybeans on China's Dalian Exchange were down 0.95% while
soybean meal was down 0.03%.
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