DTN Early Word Grains         10/29 05:47
   Corn, Wheat Markets Face Double-Digit Losses for October

   December corn is down 3/4 cent per bushel, January soybeans are down 6 1/2
cents, December KC wheat is down 2 3/4 cents, December Chicago wheat is down
1/2 cent, and MIAX December Minneapolis wheat is down 0.0175 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 3/4 cent per bushel,
January soybeans are down 6 1/2 cents, December KC wheat is down 2 3/4 cents,
December Chicago wheat is down 1/2 cent, and MIAX December Minneapolis wheat is
down 0.0175 cents.

   CME GLOBEX RECAP: On Wednesday, December corn rose 3 cents, January soybeans
dropped 5 cents, and December KC wheat dropped 7 1/2 cents. Corn and soybean
basis was steady, while spring wheat, hard red winter wheat, and soft red
winter wheat basis was stronger. The row-crop markets saw a quiet trading
session on Wednesday, amid a lack of bullish news. Wheat prices continue a
nearly two-month sell-off. Despite a flash sale and a wetter harvest forecast
for next week, soybeans fell. Corn's gains were limited. Seasonal harvest
pressure remains the theme, with reports of heavy farmer selling. The outside
markets remained firm, with ongoing attacks on ships in the Persian Gulf. On
Thursday, USDA will start the day with its weekly Export Sales report at 7:30
a.m. CDT. At the same time, the Bureau of Economic Analysis will release the
monthly Personal Consumption Expenditure Index and associated data for
September, offering a look into inflation after the Fed voted Wednesday to hold
rates steady.

   OUTSIDE MARKETS: Wednesday's close showed the Dow Jones Industrial Average
up 97.53 to 52,475.10 and the S&P 500 up 21.38 to 7,743.98. The 10-Year
Treasury yield ended at 5.045%. Early Thursday, the December Dow Jones Futures
are up 317 points. European markets are higher, with London's FTSE 100 spot
futures up 0.35%, Germany's DAX spot futures up 1.15%, and France's CAC 40
Index spot futures up 1.09%. Asian markets are mixed, with Japan's Nikkei 225
Index up 1.1% and China's Shanghai Composite Index down 0.82%.