DTN Early Word Grains         11/02 05:52
   Row Crop Markets Start New Month with U.S. Election Week

   December corn is up 3 cents per bushel, January soybeans are down 1 1/4
cents, December KC wheat is up 3 3/4 cents, December Chicago wheat is up 2
cents, and MIAX December Minneapolis wheat is up 0.0125 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 3 cents per bushel,
January soybeans are down 1 1/4 cents, December KC wheat is up 3 3/4 cents,
December Chicago wheat is up 2 cents, and MIAX December Minneapolis wheat is up
0.0125 cents.

   CME GLOBEX RECAP: On Friday, December corn dropped 3 1/2 cents, January
soybeans dropped 1/2 cent, and December KC wheat dropped 1 cent. Corn, hard red
winter wheat, and spring wheat basis were steady Friday, while soybean and soft
red winter wheat basis were stronger. Soybeans, down 34 cents last week,
struggled to use strong demand to reverse course. Soybean harvest activity
trumped any bullish news. The corn market gave up 53 cents in October, with
harvest activity pressure overshadowing bullish fundamental news. Wheat prices
fell the most in October, down 88 cents, as traders moved beyond Black Sea
grain-shipping disruptions and focused more on global supplies. On the first
trading day of November, the USDA will release its usual Monday reports,
including Export Inspections at 10 a.m. CST and the weekly Crop Progress report
at 3 p.m. CST. Also set for release are the monthly Oilseed and Grain Crush
reports at 2 p.m. CST. In macro news, markets (especially energies) will be
watching this week's U.S. elections on Tuesday.

   OUTSIDE MARKETS: The previous close on Friday showed the Dow Jones
Industrial Average down 572.25 at 51,770.31 and the S&P 500 down 140.32 at
7,580.07. The 10-Year Treasury yield ended at 4.929%. Early Monday, the
December Dow Jones Futures are up 294 points. European markets are higher, with
spot futures for London's FTSE 100 up 0.07%, spot futures for Germany's DAX up
0.29%, and spot futures for France's CAC 40 Index up 0.43%. Asian markets are
mixed, with Japan's Nikkei 225 Index down 0.33% and China's Shanghai Composite
Index up 1.08%.