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DTN Early Word Grains         07/27 05:55
   China Trumps Dollar as Grains Lower Again

   December corn was 10 cents lower, November soybeans were 12 cents lower, and
September Chicago wheat was 3 cents lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was 10 cents lower, November soybeans
were 12 cents lower, and September Chicago wheat was 3 cents lower.

CME Globex Recap:   The U.S. dollar index was down about 0.600 early Monday as
global financial markets were sent roiling by China. There the stock market
posted a sharp sell-off following recent bearish industrial data. Commodities,
except for gold, were under pressure Monday morning with most near overnight
session lows. Additional pressure in grains came from another weekend of
generally benign weather.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 163.39 points lower
Friday at 17,568.53. Asian markets were lower with the Nikkei down 194.43
points at 20,350.10 while China's Shanghai Composite was down 345.35 points
(8.5%). European markets were mostly lower. The U.S. dollar index was 0.607
lower at 96.637. Crude oil was $0.31 lower at $47.83 while Brent crude was
$0.52 lower at $54.10. December gold was $12.00 higher at $1,098.00. Soybeans
at the Dalian Exchange were lower while Malaysian palm oil contracts were also
lower.
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