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DTN Early Word Grains         08/04 05:58
   And the Game Goes On

   December corn was 4 cents higher, November soybeans were 11 cents higher,
and September Chicago wheat was 3 cents higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was 4 cents higher, November soybeans
were 11 cents higher, and September Chicago wheat was 3 cents higher.

CME Globex Recap:   Buying that emerged late Monday and almost resulted in a
higher close in soybeans, re-emerged overnight helping grain contracts to trade
higher through early Tuesday morning. However, trade volume was light, as is
the norm on Tuesdays following a Monday sell-off. The U.S. dollar index was
under pressure, sparking a light round of buying in outside commodities.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 91.66 points lower
Monday at 17,598.20. Asian markets were mixed with the Nikkei down 27.75 points
at 20,520.36 while China's Shanghai Composite was up 133.64 points. European
markets were also mixed. The U.S. dollar index was 0.194 lower at 97.300. Crude
oil was $0.73 higher at $45.90 while Brent crude was $0.81 higher at $50.33.
December gold was $3.10 higher at $1,092.50. Soybeans at the Dalian Exchange
and Malaysian palm oil were both higher.
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