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DTN Early Word Grains         09/29 05:50
   Financial Bear Returns, But Crop Prices Higher Anyway

   December corn was up 4 cents, November soybeans were up 9 cents and December
KC wheat was up 5 cents.

Todd Hultman
DTN Lead Analyst

   EARLY GLOBEX PRICES: December corn was up 4 cents, November soybeans were up
9 cents and December KC wheat was up 5 cents.

   CME GLOBEX RECAP: Early Thursday, stock futures in the U.S. were starting
lower again, along with stocks in Europe. It is looking like Wednesday's
reprieve from all the bearish concerns about higher interest rates was a
one-day event as T-bond prices are sharply lower and the U.S. dollar is higher.
In addition to USDA's weekly export sales report at 7:30 a.m. CDT, there will
also be reports on weekly U.S. jobless claims, second-quarter GDP and later, a
report on natural gas storage. USDA's quarterly Hogs and Pigs report is set for
2 p.m. CDT.

   OUTSIDE MARKETS: Previous closes Wednesday had the Dow Jones Industrial
Average up 548.75 at 29,683.74 and the S&P 500 up 71.75 at 3,719.04, while the
10-Year Treasury yield fell to 3.70%, down from the highest yield in 12 years.
Early Thursday, December Dow Jones futures are trading down 216 points. Asian
markets are mixed with Japan's Nikkei 225 index up 0.95% and China's Shanghai
Composite Index down 0.13%. European markets are lower with the spot futures of
the London FTSE 100 trading down 1.44%, spot futures of Germany's DAX trading
down 1.66% and spot futures of France's CAC Index trading down 1.58%. The
December euro is down $0.0058 at $.9745. The December U.S. Dollar Index is up
0.68 at 113.19. The December 30-year T-bond is down 1 22/32nds, while December
gold is down $13.20 at $1,656.80 and November crude oil is up $0.58 at $82.73.
On China's Dalian exchange, January corn was up 0.1%, November soybeans were up
1.3%, January soybean meal was up 1.2% and January soybean oil was up 0.1%.
December Malaysian palm oil is trading up 3.6%.
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