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DTN Early Word Grains         02/09 05:56
   Grains Mixed Early on "Middle-Child" Report Day

   March corn was 1 cent lower, March soybeans were 1 cent higher, and March
Chicago wheat was 1 cent higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   March corn was 1 cent lower, March soybeans were 1 cent
higher, and March Chicago wheat was 1 cent higher.

CME Globex Recap:   Forgotten in between USDA's boisterous January reports and
the flamboyant March 31 Prospective Plantings and Quarterly Stocks are the
February (and March) round of supply and demand numbers. Grains didn't show
much care about the coming reports overnight, with soybeans and wheat gaining
back part of Monday's sell-off while corn continued in its downtrend. Outside
markets were mostly lower with gold, DJIA futures, and the U.S. dollar index
down while crude oil was higher.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 177.92 points lower
at 16,027.05, the NASDAQ Composite was down 79.39 points at 4,283.75, and the
S&P 500 fell 26.61 points to close at 1,853.55 Monday. DJIA futures were 8
points lower overnight. Asian markets were mostly lower with the Nikkei down
another 918.86 points (5.4%). European markets were also mostly lower though
London's FTSE 100 was up 13.45 points (0.2%). The U.S. dollar index was 0.038
lower at 96.532. Crude oil was up $0.81 at $30.50 while Brent crude rallied
$0.54 to $33.42. April gold was $8.80 lower at $1,189.10.
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