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DTN Early Word Grains         09/16 05:56
   Commercial Buying Lifts Corn, Other Grains Rally

   Corn is higher at 6 a.m. (CT); soybeans are higher; wheat is higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn 6 cents higher, November soybeans 8 cents
higher, and December Chicago wheat 7 cents higher.

CME Globex Recap:   During a ceremony in Milwaukee, Wisconsin Monday evening,
Chinese soybean crushers bought 176 million bushels (4.8 mmt) of U.S. soybeans.
The news had only a limited effect on the soybean market, with contracts
rallying as much 7 1/2 cents overnight. The bigger story remains the solid
commercial buying going on in corn, with the carry in futures spreads weakening
again. Wheat was also able to rally, with support tied to the lower U.S. dollar
index.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 43.63 points higher
Monday at 17,031.14. Dow Jones Industrial Average futures were 29 points lower
overnight, indicating the Dow could see selling interest early Tuesday. Asian
markets were mostly lower with the Nikkei down 36.76 points at 15,911.53.
European markets were lower. The overnight crude oil market was $0.05 lower at
$92.87 while Brent crude was $0.02 lower at $96.86. The December gold contract
was $5.40 higher at $1,240.50 while the U.S. dollar index was 0.106 lower at
84.158. Soybeans at the Dalian Exchange were higher.
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