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DTN Early Word Grains         08/16 05:54
   Double-Day Wednesday

   December corn was unchanged, November soybeans were 2 cents higher, and
December Chicago (SRW) wheat was 3 cents higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was unchanged, November soybeans were 2
cents higher, and December Chicago (SRW) wheat was 3 cents higher.

CME Globex Recap:   Tuesday's late attempt at a rally in grain and oilseeds led
to light buying interest overnight, led by none other than the wheat complex.
There is was Minneapolis spring wheat doing most of the work, posting a strong
double-digit rally through early Wednesday morning. Outside markets were mostly
higher with softs showing gains, energies mixed, and metals mostly lower. The
U.S. dollar index was trading quietly higher once again while DJIA futures
showed another solid rally.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 5.28 points higher
at 21,998.99, the NASDAQ Composite lost 7.22 points (0.1%) to 6,333.01, and the
S&P 500 dipped 1.23 points to 2,464.61 Tuesday. DJIA futures were 57 points
higher early Wednesday morning. Asian markets closed mostly higher with Japan's
Nikkei down 24.03 points (0.1%), Hong Kong's Hang Seng gaining 234.11 points
(0.9%) and China's Shanghai Composite dipping 4.81 points (0.1%). European
markets were trading higher with London's FTSE 100 up 45.85 points (0.6%),
Germany's DAX up 99.87 points (0.8%), and France's CAC 40 up 51.44 points
(1.0%). The euro was 0.0007 lower at 1.1729 while the U.S. dollar index gained
0.04 to 93.87. September 30-year T-Bonds were 17/32 lower at 153'28 while
December gold dropped $4.30 to $1,275.40. Crude oil was $0.34 higher at $47.89
while Brent crude gained $0.45 to $51.25. China's Dalian soybean futures were
lower and Malaysian palm oil futures were mixed overnight.
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