DTN Early Word Grains         10/09 06:00
   Row-Crop Markets Brace for Any October Surprise in USDA Data

   December corn is up 3/4 cent per bushel, November soybeans are up 6 1/4
cents, December KC wheat is down 1 cent, December Chicago wheat is down 1 1/4
cents, and MIAX December Minneapolis wheat is down 0.0075 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 3/4 cent per bushel,
November soybeans are up 6 1/4 cents, December KC wheat is down 1 cent,
December Chicago wheat is down 1 1/4 cents, and MIAX December Minneapolis wheat
is down 0.0075 cents.

   CME GLOBEX RECAP: On Thursday, December corn dropped 1 3/4 cents, November
soybeans dropped 10 cents, and December KC wheat dropped 2 1/4 cents. Corn
basis was weaker Thursday, while soybean, soft red winter wheat, hard red
winter wheat, and spring wheat basis were steady. Thursday's trading stayed in
a narrow range, with markets skittish about Friday's USDA Crop Production and
WASDE Reports. Overall, analysts expect higher U.S. corn and soybean ending
stocks, while eyeing Black Sea wheat export estimates. The U.S. corn yield
estimate is expected to drop. Russia and Iran's presidents met Thursday to
discuss ending the war in Iran. Meanwhile, U.S. envoys will reportedly meet
Ukrainian representatives in Miami on Friday to discuss new proposals. More
attacks by Iran occurred on Thursday on vessels in the Gulf, one of which was
deadly. President Trump ruled out any further strikes on Iran before the
Midterm elections. On Friday, the USDA will release the October World
Agricultural Supply and Demand Estimates (WASDE) and Crop Production reports at
11 a.m. CDT. The CFTC will release its weekly Commitments of Traders report at
2:30 p.m. CDT, closing the week with a look at trader positions as of Tuesday,
October 6.

   OUTSIDE MARKETS: Thursday's close showed the Dow Jones Industrial Average up
51.77 at 51,231.64 and the S&P 500 down 36.41 at 7,765.36. The 10-Year Treasury
yield ended at 5.231%. Early Friday, the December Dow Jones Futures are up 82
points. European markets are higher, with London's FTSE 100 spot futures up
0.91%, Germany's DAX spot futures up 1.01%, and France's CAC 40 Index spot
futures up 0.77%. Asian markets are mixed, with Japan's Nikkei 225 Index down
0.02% and China's Shanghai Composite Index up 0.05%.