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DTN Early Word Grains         09/20 05:55
   Grains Green Paint Drying

   December corn was 1 cent higher, November soybeans were fractionally higher,
and December Chicago (SRW) wheat was 2 cents higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was fractionally higher, November
soybeans were 3-cents higher, and December Chicago (SRW) wheat was 1 cent

CME Globex Recap:   Trade in grain and oilseed markets overnight, while mostly
to the upside, was like watching paint dry. Corn posted less than a 2-cent
range, wheat moved less than 3 cents, and soybeans couldn't establish a 6-cent
range through early Wednesday morning. Outside markets were mostly higher, with
light pressure in both DJIA futures and the U.S. dollar index ahead of the
conclusion of the Federal Reserve's 2-day meeting and subsequent announcements
Wednesday afternoon.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 39.45 points (0.2%)
higher at 22,370.80, the NASDAQ Composite gained 6.68 points (0.1%) to
6,461.32, and the S&P 500 gained 2.78 points (0.1%) to 2,506.65 Tuesday. DJIA
futures were 2 points lower early Wednesday morning. Asian markets closed
mostly higher with Japan's Nikkei up 11.08 points, Hong Kong's Hang Seng gained
76.39 points (0.3%), and China's Shanghai Composite added 9.15 points (0.3%).
European markets were trading mixed with London's FTSE 100 up 0.78 point,
Germany's DAX down 6.21 points, and France's CAC 40 gaining 6.63 points (0.1%).
The euro was 0.0013 higher at 1.2007 while the U.S. dollar index slipped 0.16
to 91.68. December 30-year T-Bonds were 8/32 higher at 154'12 while December
gold added $8.20 to $1,318.80. Crude oil was $0.54 higher at $50.02 while Brent
crude gained $0.49 to $55.63. China's Dalian soybean futures were lower and
Malaysian palm oil futures were mostly higher overnight.
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