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DTN Early Word Grains         10/22 06:02
   Grains Sharply Higher Before Weekend

   December corn is up 4 1/4 cents per bushel, November soybeans are up 3 3/4
cents, and December KC wheat is up 13 cents.

Tregg Cronin
DTN Contributing Analyst

   CME Globex Recap:

   Global equity markets were mixed-to-higher overnight with U.S. futures
slightly higher following another record close on Thursday in the S&P 500.
Financial media outlets reported overnight China Evergrande Group made an
overdue interest payment to international bondholders, according to Chinese
state-owned media. The payment staved off default and may have given investors
a little more confidence the entire property market in China is not on the
brink of collapse. Energy markets were firmer overnight with crude oil just
below the $83.00 level as the uptrend continues. The U.S. Dollar Index was
weaker overnight but remains inside the previous day's range. Metals were
firmer overnight led by silver, which was up 1.08%. Grain markets were higher
across the board with gains led by wheat contracts as Kansas City climbs double
digits on the front end.


   Previous closes on Thursday showed the Dow Jones Industrial Average down
6.26 at 35,603.08 and the S&P 500 up 13.59 at 4,536.19 while the 10-year
Treasury yield ended at 1.676%. Early Friday, the December DJIA futures are up
34 points. Asian markets are mixed with Japan's Nikkei 225 up 96.27 (0.34%) and
China's Shanghai Composite is down 12.18 points (0.34%). European markets are
higher with London's FTSE 100 up 31 points (0.43%), Germany's DAX up 86.62
points (0.56%) and France's CAC 40 up 61.1 points (0.91%). The December euro is
up 0.002 at 1.170 and the December U.S. Dollar Index is down 0.163 at 93.595.
The December 30-year T-Bond is down 0/32nds, while December gold is up $12.80
at $1,794.70 and December crude oil is up $0.38 at $82.88. Soybeans on China's
Dalian Exchange are down 2.33% while soybean meal is down 0.03%.
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