DTN Early Word Grains         11/16 05:57
   Mostly Easier Markets to Cap a Lower Week

   December corn was down 1/4 cent, November soybeans were down 2 cents, and
December KC wheat was unchanged.


Tregg Cronin
DTN Contributing Analyst

6:00 a.m. CME Globex:   December corn was down 1/4 cent, November soybeans were
down 2 cents, and December KC wheat was unchanged.

CME Globex Recap:   Mostly quiet equity markets to close the week. Incredible
volatility continues to grip the energy markets with natural gas following its
18% rally on Wednesday with a 13% drop on Thursday. The liquidation in crude
oil has us wondering what that does to the opinion of managed funds toward
grains? Quiet overnight trade in grains with most contracts looking at a lower
close for the week. Holiday-mode trade begins next week.

OUTSIDE MARKETS:   Previous closes on Thursday showed the Dow Jones Industrial
Average up 208.77 points at 25,289.27 and the S&P 500 up 28.62 points at
2,730.20 while the 10-year Treasury yield ended at 3.105%. Early Friday, DJIA
futures are down 69.00. Asian markets were mixed with Japan's Nikkei 225 down
123.28 points (-0.57%) and China's Shanghai Composite was up 10.94 points
(0.41%). European markets are mostly higher with London's FTSE 100 down 8.99
points (-0.13%), Germany's DAX up 38.58 points (0.38%), and France's CAC 40 up
7.42 points (0.15%). The euro was up 0.00135 at 1.13660 and the U.S. dollar
index was down 0.1400 at 96.9630. September 30-year T-Bonds were down 1/32nds
while December gold was up $1.60 at $1216.60 and December crude oil was up
$0.69 at $57.15. Soybeans on China's Dalian Exchange closed up 0.55% and
soymeal closed up 1.42%.