DTN Early Word Grains         11/19 05:44
   Data is Back, Volatility Returns for Row-Crop Markets

   December corn is down 3/4 cent per bushel, January soybeans are down 5 1/2
cents, March KC wheat is steady, March Chicago wheat is up 1 1/2 cents, and
MIAX March Minneapolis wheat is down 0.0250 cents.

Mike McGinnis
DTN Contributing Analyst

   MORNING GLOBEX NET CHANGES: December corn is down 3/4 cent per bushel,
January soybeans are down 5 1/2 cents, March KC wheat is steady, March Chicago
wheat is up 1 1/2 cents, and MIAX March Minneapolis wheat is down 0.0250 cents.

   CME GLOBEX RECAP: Overnight, corn and soybeans fell, while wheat remained in
positive territory. On Tuesday, soybean traders took profits from a market that
had gained 55 cents from Monday's low. That sell-off pressure spilled into the
corn market. Corn, soybean, and hard red winter wheat basis were stronger on
Tuesday, while spring wheat basis weakened, and soft red winter wheat basis
stayed steady. Going forward, traders will watch South America's crop weather
conditions and ongoing export news for price guidance. Wednesday's reports
include the release of U.S. trade data for August by the Census Bureau at 7:30
a.m. CST, which will provide updates on U.S. crop exports as well as biodiesel,
ethanol, and distillers' grains. At 9:30 a.m. CST, the EIA will release its
weekly Petroleum Status report, including last week's average ethanol
production. The minutes from the FOMC's October meeting will be published at
1:00 pm CST, offering investors insight into the Federal Reserve's current
outlook before the next interest rate decision.

   OUTSIDE MARKETS: The previous closes on Tuesday showed the Dow Jones
Industrial Average down 498.50 at 46,091.74 and the S&P 500 down 55.09 at
6,617.32. The 10-Year Treasury yield ended at 4.123%. Early Wednesday, the
December Dow Jones Futures are up 85 points. European markets are higher with
the spot futures of London's FTSE 100 trading up 0.19%, spot futures of
Germany's DAX are trading up 0.23% and the spot futures of France's CAC 40
Index are up 0.01%. Asian markets are mixed, with Japan's Nikkei 225 Index down
0.34% and China's Shanghai Composite Index up 0.18%.