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DTN Early Word Grains         12/10 05:47
   Grain Markets Weaker, Trade Deal Remains Elusive

   March corn was down 1 1/4 cents, January soybeans were down 6 1/4 cents, and
March KC wheat was down 2 1/2 cents.

By Tregg Cronin
DTN Contributing Analyst

6:00 a.m. CME Globex:   March corn was down 1 1/4 cents, January soybeans were
down 6 1/4 cents, and March KC wheat was down 2 1/2 cents.

CME Globex Recap:   The global equity rout continued overnight as U.S. stock
futures hit the lowest level since October 29 and are just ticks away from the
lowest levels since May. Global growth slowdown fears are being stoked amid the
trade war between the U.S. and China. Energy markets continue to stabilize
above the $50 per barrel level as the U.S. became a net exporter of crude oil
for the first time since 1949 last week. Grains are weaker across the board as
traders grow impatient over a trade deal. Each passing day without a trade
resolution is a day closer to South American new crop.

OUTSIDE MARKETS:   Previous closes on Friday showed the Dow Jones Industrial
Average down 558.72 at 24,388.95, the S&P 500 down 62.87 at 2,633.08 while the
10-yr Treasury yield ended at 2.836%. Early Monday, DJIA futures are down
89.00. Asian markets were lower with Japan's Nikkei 225 down 459.18 points
(-2.12%) and China's Shanghai Composite was down 21.31 points (-0.82%).
European markets are lower with London's FTSE 100 down 22.01 points (-0.32%),
Germany's DAX down 47.55 points (-0.48%), and France's CAC 40 down 21.10 points
(-0.44%). The euro was down 0.00160 at 1.14140 and the U.S. dollar index was
down 0.0730 at 96.6370. December 30-year T-Bonds were down 4/32nds while
February gold was up $0.50 at $1253.10 and January crude oil was down $0.75 at
$51.86. Soybeans on China's Dalian Exchange closed down 0.25% and soymeal
closed down 0.65%.
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