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DTN Early Word Grains         09/29 05:58
   Wheat, Corn Higher Overnight While Soybeans Sag

   Corn is higher at 6 a.m. (CT); soybeans are lower; wheat is higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn 1 cent higher, November soybeans 2 cents
lower, and December Chicago wheat 4 cents higher.

CME Globex Recap:   All three grains opened the overnight session lower, with
wheat and corn establishing session lows on the initial sell-off. As the
session progressed, wheat was able to rally, pulling corn higher as well.
Soybeans were still posting a small loss early Monday morning, though contracts
were off session lows. Outside markets were mixed while the U.S. dollar index
traded higher again.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 167.35 points higher
Friday at 17,113.15. Dow Jones Industrial Average futures were 57 points lower
overnight. Asian markets were mostly higher with the Nikkei up 80.78 points at
16,310.64. European markets were mostly lower. The overnight crude oil market
was $0.32 lower at $93.22 while Brent crude was $0.29 lower at $96.71. The
December gold contract was $4.90 higher at $1,220.30 while the U.S. dollar
index was 0.045 higher at 85.685. Soybeans at the Dalian Exchange were higher
while Malaysian palm oil contracts were also higher.
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