DTN Early Word Grains         12/12 05:46
   Data Flow is Back; Row-Crop Markets Decipher What is Impactful

   March corn is down 1 1/2 cents per bushel, January soybeans are down 9 1/4
cents, March KC wheat is down 2 cents, March Chicago wheat is down 3 cents, and
MIAX March Minneapolis wheat is up 0.0075 cents.

Mike McGinnis
DTN Contributing Analyst

   MORNING GLOBEX NET CHANGES: March corn is down 1 1/2 cents per bushel,
January soybeans are down 9 1/4 cents, March KC wheat is down 2 cents, March
Chicago wheat is down 3 cents, and MIAX March Minneapolis wheat is up 0.0075
cents.

   CME GLOBEX RECAP: On Thursday, soybeans swung from losses to gains only to
finish slightly higher. Corn and wheat also ended higher. The basis for
soybean, corn, hard red winter wheat, and hard red spring wheat remained
steady, while the soft red winter wheat basis weakened on Thursday. USDA
continues to release weekly export sales reports, trying to catch up after the
stoppage during the government shutdown. Thursday's report showed strong demand
for corn, weak demand for soybeans, and decent demand for wheat. The market is
not reacting to this delayed data. Instead, it is focusing on flash sales.
Lower trading volumes are keeping corn and wheat in narrow ranges. There are no
major economic or USDA reports scheduled for Friday, but the CFTC will release
another Commitments of Traders report at 2:30 p.m. CST, with futures position
data as of November 18.

   OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average up 646.26 at 48,704.01 and the S&P 500 up 14.32 at 6,901.00. The
10-Year Treasury yield ended at 4.141%. Early Friday, the December Dow Jones
Futures are up 102 points. European markets are higher, with the spot futures
of London's FTSE 100 trading up 0.36%, spot futures of Germany's DAX are
trading up 0.35% and the spot futures of France's CAC 40 Index are up 0.56%.
Asian markets are higher, with Japan's Nikkei 225 Index up 1.37% and China's
Shanghai Composite Index up 0.41%.