DTN Early Word Grains         12/17 05:38
   While Soybean Prices Dig for a Safety Net, Corn Leans on Demand

   March corn is up 1 1/4 cents per bushel, January soybeans are up 1/4 cent,
March KC wheat is up 1/4 cent, March Chicago wheat is up 1 1/4 cents, and MIAX
March Minneapolis wheat is up 0.0100 cents.

Mike McGinnis
DTN Contributing Analyst

   MORNING GLOBEX NET CHANGES: March corn is up 1 1/4 cents per bushel, January
soybeans are up 1/4 cent, March KC wheat is up 1/4 cent, March Chicago wheat is
up 1 1/4 cents, and MIAX March Minneapolis wheat is up 0.0100 cents.

   CME GLOBEX RECAP: On Tuesday, the corn, soybean, and wheat markets ended
lower as traders watched the soybean market nearly reach two-month lows. In
general, the bearishness is coming from the favorable South American crop
weather. Additionally, the macroeconomic markets that influence the
agricultural commodities were bearish. Thankfully, Ukraine and Russia appear
closer to a peace agreement. However, crude oil prices are falling to near
five-year lows, which is negative for corn and soybeans. Corn and hard red
spring wheat basis strengthened on Tuesday, while soybean, soft red winter
wheat, and hard red winter wheat basis held steady. Wednesday appears quiet for
reports, but the Energy Information Administration will release its weekly
Petroleum Status report at 9:30 a.m. CST, including last week's ethanol
production and stocks.

   OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial
Average down 302.30 at 48,114.26 and the S&P 500 down 16.25 at 6,800.26. The
10-Year Treasury yield ended at 4.149%. Early Wednesday, the December Dow Jones
Futures are up 108 points. European markets are mixed, with the spot futures of
London's FTSE 100 trading up 1.69%, spot futures of Germany's DAX are trading
down 0.02% and the spot futures of France's CAC 40 Index are down 0.08%. Asian
markets are mixed, with Japan's Nikkei 225 Index up 0.26% and China's Shanghai
Composite Index up 1.19%.