DTN Early Word Grains         10/29 05:48
   Corn, Soybean Traders Position Ahead of U.S.-China Trade Meeting

   December corn is up 1/4 cent per bushel, January soybeans are down 4 cents,
December KC wheat is up 1 1/4 cents, December Chicago wheat is up 1 cent, and
MIAX December Minneapolis wheat is up 0.0200 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 1/4 cent per bushel,
January soybeans are down 4 cents, December KC wheat is up 1 1/4 cents,
December Chicago wheat is up 1 cent, and MIAX December Minneapolis wheat is up
0.0200 cents.

   CME GLOBEX RECAP:  Corn, soybean, and wheat futures markets extended gains
on Tuesday. Soybean traders led the way, buying the market ahead of Thursday's
U.S. trade meeting with China that is expected to result in soybean sales to
the Asian giant. Corn and wheat were boosted by the announcement of a trade
deal with Japan and its purchases of $8 billion worth of U.S. agricultural
goods, including corn and wheat. Otherwise, fundamental news for wheat was hard
to come by on Tuesday. Corn and spring wheat basis were steady, while soybean,
SRW wheat, and HRW wheat basis were stronger on Tuesday.

   OUTSIDE MARKETS: The previous closes on Tuesday showed the Dow Jones
Industrial Average up 161.78 at 47,706.37 and the S&P 500 up 15.73 at 6,890.89.
The 10-Year Treasury yield ended at 3.983%. Early Wednesday, the December Dow
Jones Futures are down 104 points. European markets are mixed, with the spot
futures of London's FTSE 100 trading up 0.38%, spot futures of Germany's DAX
are trading down 0.09% and the spot futures of France's CAC 40 Index are down
0.1%. Asian markets are higher, with Japan's Nikkei 225 Index up 2.17% and
China's Shanghai Composite Index up 0.7%.