DTN Early Word Grains         01/16 05:47
   Soybean Traders Reward Demand-Driven Market, Eye Supply News

   March corn is up 1 1/4 cents per bushel, March soybeans are up 3 1/4 cents,
March KC wheat is up 3 1/2 cents, March Chicago wheat is up 3 cents, and MIAX
March Minneapolis wheat is up 0.0125 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 1 1/4 cents per bushel,
March soybeans are up 3 1/4 cents, March KC wheat is up 3 1/2 cents, March
Chicago wheat is up 3 cents, and MIAX March Minneapolis wheat is up 0.0125
cents.

   CME GLOBEX RECAP: On Thursday, soybeans closed double-digits higher, while
corn and wheat markets finished slightly lower.  The bullish news machine was
cranking for soybeans. Brazil's soybean crop estimate was lowered by CONAB,
Brazil's equivalent agency to the USDA. Additionally, fresh sales were
announced by the USDA, and news of the EPA reportedly set to finalize biofuel
policy in early March helped the soybean market. Corn and wheat prices felt the
pressure of growing global supplies. Corn, spring wheat, and soft red winter
wheat basis were steady on Thursday, while soybean and hard red winter wheat
basis were stronger. Friday isn't scheduled to feature many significant
reports, but in the afternoon, the USDA Economic Research Service will release
its monthly Livestock Outlook at 2 p.m. CST. Then at 2:30 p.m. CST, CFTC will
release its weekly Commitments of Traders report, with position data as of
Tuesday, January 13. The grain and oilseeds markets on the CME Group Exchange
will be closed on Monday, January 19, for Martin Luther King Jr. Day. The
markets reopen Monday night.

   OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average up 292.81 at 49,442.44 and the S&P 500 up 17.87 at 6,944.47. The
10-Year Treasury yield ended at 4.16%. Early Friday, the March Dow Jones
Futures are up 44 points. European markets are mixed, with the spot futures of
London's FTSE 100 trading up 0.01%, spot futures of Germany's DAX are trading
down 0.36%, and the spot futures of France's CAC 40 Index are down 0.55%. Asian
markets are lower, with Japan's Nikkei 225 Index down 0.32% and China's
Shanghai Composite Index down 0.26%.