DTN Early Word Grains         11/11 05:45
   USDA Provides Fall Fireworks for Soybean Prices, Corn Follows

   December corn is down 2 1/2 cents per bushel, January soybeans are down 4
cents, December KC wheat is up 4 1/4 cents, December Chicago wheat is up 6 1/4
cents, and MIAX December Minneapolis wheat is up 0.0275 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 2 1/2 cents per
bushel, January soybeans are down 4 cents, December KC wheat is up 4 1/4 cents,
December Chicago wheat is up 6 1/4 cents, and MIAX December Minneapolis wheat
is up 0.0275 cents.

   CME GLOBEX RECAP: On Tuesday, December corn rose 9 3/4 cents, January
soybeans rose 39 3/4 cents, and December KC wheat rose 1 3/4 cents. Corn basis
was stronger, while hard red winter wheat, spring wheat, and soybean basis were
steady Tuesday, and soft red winter wheat basis was weaker. The fireworks from
Tuesday's USDA data dump came in the soybean complex, with corn following
higher. A less-than-expected average yield estimate, higher export estimates,
and tightening ending stocks all led the soybean market to regain losses from a
week ago and move back over $12.00. A cut in yield and production supported the
corn market. USDA's crop report offered little to fight the bearishness in the
wheat market. Wednesday is Veterans Day, so no Federal reports are scheduled
for release. However, U.S. grain markets will trade, likely following Tuesday's
predominantly bullish USDA reports. Wednesday is also Remembrance Day in
Canada, and canola futures will be closed.

   OUTSIDE MARKETS: Tuesday's close showed the Dow Jones Industrial Average
down 157.86 to 52,231.89 and the S&P 500 down 29.01 to 7,520.93. The 10-Year
Treasury yield ended at 4.983%. Early Wednesday, the December Dow Jones Futures
are up 21 points. European markets are higher, with spot futures for London's
FTSE 100 up 0.19%, spot futures for Germany's DAX up 0.42%, and spot futures
for France's CAC 40 Index up 0.3%. Asian markets are higher, with Japan's
Nikkei 225 Index up 1.31% and China's Shanghai Composite Index up 0.46%.