DTN Early Word Grains         10/23 05:50
   Corn, Soybean Markets Hold Their Own Technically, Patiently Wait for Fresh
Fundamentals

   December corn is up 1 1/4 cents per bushel, November soybeans are up 3 3/4
cents, December KC wheat is up 1 3/4 cents, December Chicago wheat is up 1/4
cent, and MIAX December Minneapolis wheat is up 0.0125 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 1/4 cents per
bushel, November soybeans are up 3 3/4 cents, December KC wheat is up 1 3/4
cents, December Chicago wheat is up 1/4 cent, and MIAX December Minneapolis
wheat is up 0.0125 cents.

   CME GLOBEX RECAP: The corn, soybean, and wheat markets all closed modestly
higher on Wednesday. Corn, soybean, and spring wheat basis were stronger, while
HRW wheat and SRW wheat basis were steady on Wednesday. Corn futures recovered
most of Tuesday's losses and jumped above the 100-day moving average. Soybean
traders are buying, holding out hope for a trade deal with China. Wheat prices,
with little news to trade, followed corn higher. Overall, the markets found
support from fading harvest pressure, strong demand, and mostly positive
outside markets.

   OUTSIDE MARKETS: The previous closes on Wednesday showed the Dow Jones
Industrial Average down 334.33 at 46,590.41 and the S&P 500 down 35.95 at
6,699.40. The 10-Year Treasury yield ended at 3.953%. Early Thursday, the
December Dow Jones Futures are down 58 points. European markets are mixed, with
the spot futures of London's FTSE 100 trading up 0.38%, spot futures of
Germany's DAX are trading down 0.46% and (France CAC missing) Asian markets are
mixed, with Japan's Nikkei 225 Index down 1.35% and China's Shanghai Composite
Index up 0.22%.