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DTN Early Word Grains         09/23 05:56
   Grains Swamped in Sea of Red Early Friday

   December corn was 2 cents lower, November soybeans were 8 cents lower, and
December Chicago wheat was 2 cents lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was 2 cents lower, November soybeans were
8 cents lower, and December Chicago wheat was 2 cents lower.

CME Globex Recap:  Markets in general, including grains, were lower early
Friday. Most have seen a solid rally throughout the week leading to some
pre-weekend positioning. Leading the way was soybeans, again pressured by
commercial selling. Crude oil and gold were both showing modest sell-offs
despite a slightly lower U.S. dollar index. Even DJIA futures were off a bit
due to spillover pressure from global markets.

OUTSIDE MARKETS:  The Dow Jones Industrial Average closed 98.76 points (0.5%)
higher at 18,392.46, the NASDAQ Composite gained 44.34 points (0.8%) to
5,339.52 (another new all-time high close), and the S&P 500 rallied 14.06
points (0.6%) to close at 2,177.18 Thursday. DJIA futures were 16 points lower
overnight. Asian markets were mostly lower with Japan's Nikkei down 53.60
points (0.3%) and China's Shanghai Composite off 8.42 points (0.3%). European
markets were lower with London's FTSE 100 down 14.06 points (0.2%), Germany's
DAX fell 20.10 points (0.2%), and France's CAC 40 lost 19.93 points (0.4%). The
U.S. dollar index was 0.008 lower at 95.440. Crude oil dipped $0.15 to $46.17
while Brent crude gained $0.12 to $47.77. December gold was $4.60 lower at
$1,340.10. China's Dalian soybean and Malaysian palm oil futures were both
lower overnight.
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