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DTN Early Word Grains         09/30 06:00
   The End, Times Three

   December corn was 1 cent lower, November soybeans were 2 cents lower, and
December Chicago wheat was 1 cent lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was 1 cent lower, November soybeans were
2 cents lower, and December Chicago wheat was 1 cent lower.

CME Globex Recap:   Friday, September 30 marks the end of the week, the end of
the month, and the end of the quarter. Often this can lead to wild markets as
traders position themselves accordingly. Throw in a grains Quarterly Stocks
report and things can get even more interesting. As would be expected,
overnight trade was relatively light with all three grains showing small losses
early Friday. Outside markets were mostly lower, led by the energy complex, as
the U.S. dollar index rallied. DJIA futures were also under pressure.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 195.79 points (1.1%)
lower at 18,143.45, the NASDAQ Composite lost 49.39 points (0.9%) to 5,269.15,
and the S&P 500 fell 20.24 points (0.9%) to close at 2,151.13 Thursday. DJIA
futures were 40 points higher overnight. Asian markets were mostly lower with
Japan's Nikkei down 243.87 points (1.5%) while China's Shanghai Composite
rallied 6.22 points (0.2%). European markets were lower with London's FTSE 100
down 67.03 points (1.0%), Germany's DAX off 109.22 points (1.0%), and France's
CAC 40 losing 59.03 points (1.3%). The U.S. dollar index was 0.225 higher at
95.760. Crude oil slipped $0.56 to $47.27 while Brent crude lost $0.81 to
$48.43. December gold was $3.50 higher at $1,329.50. China's Dalian soybean and
Malaysian palm oil futures were both higher again overnight.
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