DTN Early Word Grains         12/09 05:47
   USDA's WASDE Report to Dominate Row-Crop Trade Direction

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

Mike McGinnis
DTN Contributing Analyst

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

   CME GLOBEX RECAP: Soybeans continued their decline on Monday, driven by
technical weakness and traders' dissatisfaction with the pace of China's
purchases. Corn and wheat prices also moved lower following the soybean market.
Corn basis was stronger, while soybean and soft red winter wheat basis remained
steady on Monday. In contrast, spring wheat and hard red winter wheat basis
weakened. Traders are awaiting today's World Agricultural Supply and Demand
Estimates (WASDE) report from the USDA. Demand figures will be updated, but
there will be no new U.S. production estimates. The USDA projects U.S. corn
acres to decrease by 3.5 million by 2029, while soybean acres are expected to
increase by 3.0 million, according to newly released Baseline Projections.
Total acreage for eight crops is anticipated to fall by 3.0 million.

   OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average down 215.67 at 47,739.32 and the S&P 500 down 23.89 at 6,846.51. The
10-Year Treasury yield ended at 4.172%. Early Tuesday, the December Dow Jones
Futures are up 56 points. European markets are higher, with the spot futures of
London's FTSE 100 trading up 0.16%, spot futures of Germany's DAX are trading
up 0.33% and the spot futures of France's CAC 40 Index, down 0.39%. Asian
markets are mixed, with Japan's Nikkei 225 Index up 0.14% and China's Shanghai
Composite Index down 0.37%.