DTN Early Word Grains         09/21 05:51
   Row-Crop Markets Brace for Market-Impacting Trade Talks

   December corn is up 5 cents per bushel, November soybeans are up 5 3/4
cents, December KC wheat is up 8 1/2 cents, December Chicago wheat is up 8 1/4
cents, and MIAX December Minneapolis wheat is up 0.0675 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 5 cents per bushel,
November soybeans are up 5 3/4 cents, December KC wheat is up 8 1/2 cents,
December Chicago wheat is up 8 1/4 cents, and MIAX December Minneapolis wheat
is up 0.0675 cents.

   CME GLOBEX RECAP: On Friday, December corn fell 3 cents, November soybeans
fell 16 1/4 cents, and December KC wheat fell 10 3/4 cents. Soybean basis was
weaker, while corn, soft red winter wheat, and spring wheat basis were steady
Friday, and hard red winter wheat basis was stronger. Profit-taking pulled down
the row-crop markets on Friday, with the soybean complex taking the biggest
hit. Soymeal prices, after hitting two-year highs earlier in the week, suffered
liquidation to end the week. Outside markets softened amid a third straight day
of crude oil declines. The Federal Reserve's decision to raise interest rates
strengthened the U.S. dollar for the sixth straight session. This week, traders
will be squarely focused on the trade summit in Washington, D.C., between the
U.S. and China. On the agenda is China purchasing more U.S. agricultural
products, namely soybeans. Over the weekend, more strikes occurred on Black Sea
energy infrastructure. That will likely support energy and, secondarily, grain
markets at the start of the week. On Monday, USDA will release its weekly
Export Inspections report at 10 a.m. CDT. In the afternoon at 3 p.m. CDT, the
weekly Crop Progress report will be released, with an increased interest in
harvest progress given wet conditions across the U.S. grain belt.

   OUTSIDE MARKETS: The previous close on Friday showed the Dow Jones
Industrial Average down 95.40 at 51,682.64 and the S&P 500 up 12.74 at
7,650.50. The 10-Year Treasury yield ended at 4.998%. Early Monday, the
December Dow Jones Futures are up 357 points. European markets are higher, with
spot futures for London's FTSE 100 up 0.93%, spot futures for Germany's DAX up
1.1%, and spot futures for France's CAC 40 Index up 1.02%. Asian markets are
higher, with Japan's Nikkei 225 Index up 1.38% and China's Shanghai Composite
Index up 0.97%.