DTN Early Word Grains         09/12 05:46
   All Eyes on Friday's USDA Expected Corn, Soybean Yield and Production Cuts

   December corn is steady, November soybeans are down 1 1/2 cents, December KC
wheat is down 1/2 cent, December Chicago wheat is up 1/4 cent, and MIAX
December Minneapolis wheat is steady.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is steady, November soybeans
are down 1 1/2 cents, December KC wheat is down 1/2 cent, December Chicago
wheat is up 1/4 cent, and MIAX December Minneapolis wheat is steady.

   CME GLOBEX RECAP: Corn, soybean, and wheat futures rose higher on Thursday.
Corn, soybean, and spring wheat basis were weaker, while HRW wheat and soft red
winter wheat basis remained steady on Thursday. The corn futures market shows
strong demand to trade. Thursday's USDA Weekly Export Sales Report revealed new
marketing year commitments of sales increased by 69% compared to the same
period last year. Wheat net weekly sales, combined with shipments, pushed total
commitments of sales up 19% from a year ago. Soybean sales commitments are 34%
below last year, mainly due to China's absence. Additionally, the markets moved
higher on the trade's consensus that Friday's USDA WASDE Report will cut corn
and soybean yields and production.

   OUTSIDE MARKETS: The previous closes on Thursday showed the Dow Jones
Industrial Average up 617.08 at 46,108.0 and the S&P 500 up 55.43 at 6,587.47.
The 10-Year Treasury yield ended at 4.011%. Early Friday, the September Dow
Jones Futures are down 93 points. European markets are mixed, with the spot
futures of London's FTSE 100 trading up 0.37%, spot futures of Germany's DAX
are trading down 0.3% and the spot futures of France's CAC 40 Index are down
0.52%. Asian markets are mixed, with Japan's Nikkei 225 Index up 0.89% and
China's Shanghai Composite Index down 0.12%.