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DTN Early Word Grains         10/18 06:03
   Weaker Grains with Harvest Expanding, Bullish Catalyst Lacking

   December corn was down 1 1/4, November soybeans were down 6 1/2, and
December KC wheat was down 1.


Tregg Cronin
DTN Contributing Analyst

Pre-5:00 a.m. CME Globex:   December corn was down 1 1/4, November soybeans
were down 6 1/2, and December KC wheat was down 1.

CME Globex Recap:   Mostly better global equities overnight, although worth
noting, the Shanghai Composite hit the lowest level this week since November
2014. In addition, the onshore Chinese renminbi rate hit the lowest level in
nearly two years. The trade war appears to be sinking its teeth into the PRC.
Crude oil has slipped back below $70.00/barrel (bbls) Thursday. Grains are
weaker as harvest expands and demand indicators get a little shaky.

OUTSIDE MARKETS:   Previous closes on Wednesday showed the Dow Jones Industrial
Average down 91.74 points at 25,706.68 and the S&P 500 down 0.71 points at
2,809.21 while the 10-year Treasury yield ended at 3.209%. Early Thursday, DJIA
futures were down 55.00. Asian markets were lower with Japan's Nikkei 225 down
182.96 points (-0.80%) and China's Shanghai Composite was down 75.20 points
(-2.94%). European markets are higher with London's FTSE 100 up 6.26 points
(0.09%), Germany's DAX up 25.11 points (0.21%), and France's CAC 40 up 4.66
points (0.09%). The euro was up 0.00105 at 1.15465 and the U.S. dollar index
was down 0.1240 at 95.5300. September 30-year T-Bonds were down 18/32nds while
December gold was unchanged at $1227.40 and November crude oil was down $0.52
at $69.23. Soybeans on China's Dalian Exchange closed up 0.16% and soymeal
closed up 1.21%.
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