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DTN Early Word Grains         01/13 05:54
   HRW Wheat Feeling Lucky Friday

   March corn was fractionally lower, March soybeans were 4 cents lower, and
July Kansas City wheat was 2 cents higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   March corn was fractionally lower, March soybeans were
4 cents lower, and July Kansas City wheat was 2 cents higher.

CME Globex Recap:   Grains were lower early Friday the 13th as soybeans took a
breather from Thursday's strong post-report rally. Only Kansas City HRW wheat
continued to trade higher, spurred on by USDA's larger than expected reduction
in planted acres. Softs were mostly lower while energies and metals were red
across the board. The U.S. dollar index continued to sink while DJIA futures
rallied.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 63.28 points (0.3%)
lower at 19,891.00. The NASDAQ Composite lost 16.16 points (0.3%) to 5,547.49
and the S&P 500 was down 4.88 points (0.2%) at 2,270.44 Thursday. DJIA futures
were 27 points higher early Friday morning. Asian markets were mostly lower
though Japan's Nikkei was up 152.58 points (0.8%) and Hong Kong's Hang Seng
gained 108.36 points (0.5%) while China's Shanghai Composite dropped 6.52
points (0.2%). European markets were higher Friday with London's FTSE 100 up
20.61 points (0.3%), Germany's DAX gaining 62.76 points (0.5%), and France's
CAC 40 up 41.59 points (0.8%). The U.S. dollar index was 0.30 lower at 101.15
while the euro was up 0.0039 at 1.0650. March 30-year T-Bonds gained 9/32 at
152'28 while February gold fell $3.00 to $1,196.80. Crude oil lost $0.55 to
$52.46 while Brent crude was $0.57 lower at $55.44. Dalian soybean and
Malaysian palm oil futures were both higher overnight.
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