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DTN Early Word Grains         08/22 05:56
   A Quiet Rally Early Tuesday

   December corn was 1 cent higher, November soybeans were 4 cents higher, and
December Chicago (SRW) wheat was 1 cent higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was 1 cent higher, November soybeans were
4 cents higher, and December Chicago (SRW) wheat was 1 cent higher.

CME Globex Recap:   Markets are back normal early Tuesday morning with no
celestial happening to distract from the business at hand. Grain and oilseed
markets were posting small gains after trading lower initially during the
overnight session. Softs were mostly lower with cotton the bullish holdout.
Energies were mostly higher as natural gas once again played the role of
contrarian. Metals were mixed. Meanwhile, the U.S. dollar was stronger
prompting a solid rally by the U.S. dollar index.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 29.24 points (0.1%)
higher at 21,703.75, the NASDAQ Composite lost 3.40 points to 6,213.13, and the
S&P 500 gained 2.82 points (0.1%) to 2,428.37 Monday. DJIA futures were 38
points higher early Tuesday morning. Asian markets closed mostly with Japan's
Nikkei down 9.29 points, Hong Kong's Hang Seng rallying 246.99 points (0.9%)
and China's Shanghai Composite adding 3.23 points (0.1%). European markets were
trading higher with London's FTSE 100 up 51.76 points (0.77%), Germany's DAX
adding 84.38 points (0.7%), and France's CAC 40 gaining 27.81 points (0.6%).
The euro was 0.0061 lower at 1.1755 while the U.S. dollar index gained 0.44 to
93.52. December 30-year T-Bonds were 8/32 lower at 154'22 while December gold
lost $5.90 to $1,290.90. Crude oil was $0.10 higher at $47.477 while Brent
crude added $0.20 to $51.86. China's Dalian soybean and Malaysian palm oil
futures were both higher again overnight.
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