DTN Early Word Grains         10/13 05:42
   Corn, Soybean Traders Eye Market-Moving Comments on U.S., China Trade
Relations

   December corn is up 3/4 cent per bushel, November soybeans are up 1 1/2
cents, December KC wheat is down 3/4 cent, December Chicago wheat is down 1 1/4
cents, and MIAX December Minneapolis wheat is up 0.0150 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 3/4 cent per bushel,
November soybeans are up 1 1/2 cents, December KC wheat is down 3/4 cent,
December Chicago wheat is down 1 1/4 cents, and MIAX December Minneapolis wheat
is up 0.0150 cents.

   CME GLOBEX RECAP: While all farm markets falling on Friday, the soybean
market dropped the most. Soybean, SRW wheat, and spring wheat basis were steady
on Friday, while corn and HRW wheat basis were stronger. Friday's market
responded negatively to President Trump's threat of 100% tariffs on all Chinese
exports. U.S. trade relations were feared to be frayed at that point. A
scheduled meeting between the two countries' leaders at the end of the month is
supposed to highlight soybean trade. Friday's corn market was unable to ignore
the bearish sentiment from the soybean market. Wheat traders had little news to
trade, defaulting to the pressure in corn and soybean futures trade. Because of
the U.S. government shutdown since Oct. 1, traders lack harvest progress data
and export sales data. During the shutdown of the federal government,
Commitments of Traders Reports will not be published. When federal government
operations return to normal, CFTC will resume publishing the Commitments of
Traders in chronological order.

   OUTSIDE MARKETS: The previous closes on Friday showed the Dow Jones
Industrial Average down 878.82 at 45,479.60 and the S&P 500 down 182.60 at
6,552.51. The 10-Year Treasury yield ended at 4.051%. Early Monday, the
December Dow Jones Futures are up 423 points. European markets are higher with
the spot futures of London's FTSE 100 trading up 0.13%, spot futures of
Germany's DAX are trading up 0.39% and the spot futures of France's CAC 40
Index are up 0.45%. Asian markets are lower with Japan's Nikkei 225 Index down
1.01% and China's Shanghai Composite Index down 0.19%.