DTN Early Word Grains         11/12 05:48
   Clinging to USDA's Bullish Report, Row-Crop Markets Seek Fresh News

   December corn is down 3/4 cent per bushel, January soybeans are down 2 3/4
cents, December KC wheat is down 6 1/2 cents, December Chicago wheat is down 3
1/4 cents, and MIAX December Minneapolis wheat is down 0.0200 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 3/4 cent per bushel,
January soybeans are down 2 3/4 cents, December KC wheat is down 6 1/2 cents,
December Chicago wheat is down 3 1/4 cents, and MIAX December Minneapolis wheat
is down 0.0200 cents.

   CME GLOBEX RECAP: On Wednesday, December corn dropped 1 cent, January
soybeans rose 2 3/4 cents, and December KC wheat rose 5 1/4 cents. Soybean and
soft red winter wheat basis were stronger Wednesday, while hard red winter
wheat, spring wheat and corn basis were steady. Because of the Veterans Day
holiday, the row-crop markets were quiet, with fewer traders at the desk. In
addition, the holiday halted government reports. Going forward, weekly reports
will be delayed one day for the rest of the week. Wednesday's regularly
scheduled Petroleum Status Report, measuring ethanol production, will be
released Thursday. The U.S. dollar, rising on increased bets that the Federal
Reserve will raise interest rates further, is putting pressure on the row-crop
markets.

   OUTSIDE MARKETS: Wednesday's close showed the Dow Jones Industrial Average
up 254.60 to 52,486.49 and the S&P 500 up 98.45 to 7,619.38. The 10-Year
Treasury yield ended at 4.998%. Early Thursday, the December Dow Jones Futures
are up 32 points. European markets are higher, with spot futures for London's
FTSE 100 up 0.54%, spot futures for Germany's DAX up 0.81%, and spot futures
for France's CAC 40 Index up 0.65%. Asian markets are lower, with Japan's
Nikkei 225 Index down 0.7% and China's Shanghai Composite Index down 0.67%.