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DTN Early Word Grains         01/16 05:57
   Warm Beans on a Cold Morning

   March corn was 1 cent higher, March soybeans were 5 cents higher, and March
Chicago (SRW) wheat was 3 cents lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   March corn was 1 cent higher, March soybeans were 5
cents higher, and March Chicago (SRW) wheat was 3 cents lower.

CME Globex Recap:   Soybeans stayed strong from last week's late rally, holding
momentum over the three-day holiday weekend to trade higher Monday night into
Tuesday morning. Corn was also trading higher, though wheat markets were unable
to hold initial gains and had fallen back into the red. The U.S. dollar index
was active Monday, posting a sharp sell-off that provided initial support to
commodities in general. However, the overnight session lengthened light buying
interest returned, sending commodity sectors back down. DJIA futures were
screaming higher, pointing to another strong day in the stock markets.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 228.46 points (0.9%)
higher at 25,803.19, the NASDAQ Composite gained 49.28 points (0.7%) to
7,261.06, and the S&P 500 added 18.68 points (0.7%) to 2,786.24 Friday. DJIA
futures were 234 points higher early Tuesday morning. Asian markets closed
mostly higher with Japan's Nikkei 225 up 236.93 points (1.0%), Hong Kong's Hang
Seng gaining 565.88 points (1.8%), and China's Shanghai Composite adding 26.11
points (0.8%). European markets were trading mostly higher with London's FTSE
100 up 9.35 points (0.1%), Germany's DAX gaining 143.09 points (1.1%), and
France's CAC 40 adding 25.81 points (0.5%). The euro lost 0.0056 to 1.2208 as
the U.S. dollar index rallied 0.31 to 90.77. March 30-year T-Bonds were 14/32
higher at 150'30 while February gold fell $1.60 to $1,333.30. Crude oil was
$0.45 lower at $63.85 while Brent crude lost $0.98 to $69.28. China's Dalian
soybean and Malaysian palm oil futures were both lower again overnight.
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