DTN Early Word Grains         11/03 05:46
   Bullish News Extends Gains in Corn, Soybean, and Wheat Markets

   December corn is up 1 1/4 cents per bushel, January soybeans are up 5 3/4
cents, December KC wheat is up 4 1/4 cents, December Chicago wheat is up 7 3/4
cents, and MIAX December Minneapolis wheat is up 0.0300 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 1/4 cents per
bushel, January soybeans are up 5 3/4 cents, December KC wheat is up 4 1/4
cents, December Chicago wheat is up 7 3/4 cents, and MIAX December Minneapolis
wheat is up 0.0300 cents.

   CME GLOBEX RECAP: Led by wheat, the soybean and corn markets finished higher
on Friday, capping off a bullish week. Soybean and spring wheat basis were
stronger, while corn and HRW wheat basis were weaker on Friday, and SRW wheat
basis was steady. The soybean market extended gains from the trade announcement
between the U.S. and China. Traders will now handicap the likelihood of China
following through with projected purchases of U.S. soybeans through January and
each of the next three years. With weekly sales reports nonexistent due to the
government shutdown, traders will have a hard time tracking Chinese purchases.
Wheat prices had a surprising turnaround on Friday, recovering from a sharp
drop on Thursday. Like soybeans, the wheat market is technically overbought.
Traders see wheat as a demand-driven market, with recent trade deals announced
with big wheat-buying countries. Corn prices are underpinned by demand and
capped by harvest pressure.

   OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial
Average up 40.75 at 47,562.87 and the S&P 500 up 17.86 at 6,840.20. The 10-Year
Treasury yield ended at 4.101%. Early Monday, the December Dow Jones Futures
are up 49 points. European markets are higher with the spot futures of London's
FTSE 100 trading up 0.1%, spot futures of Germany's DAX are trading up 1.2% and
the spot futures of France's CAC 40 Index are up 0.33%. Asian markets are
higher, with Japan's Nikkei 225 Index up 2.12% and China's Shanghai Composite
Index up 0.55%.