DTN Early Word Grains         09/17 05:42
   Corn, Soybean, and Wheat Markets Rely on Demand

   December corn is down 3/4 cent per bushel, November soybeans are down 3
cents, December KC wheat is down 1 cent, December Chicago wheat is steady, and
MIAX December Minneapolis wheat is down 0.0050 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 3/4 cent per bushel,
November soybeans are down 3 cents, December KC wheat is down 1 cent, December
Chicago wheat is steady, and MIAX December Minneapolis wheat is down 0.0050
cents.

   CME GLOBEX RECAP: Corn, soybean, and wheat futures on Tuesday showed how
they can shake off bearish fundamentals quickly, all closing higher. Corn,
spring wheat, HRW wheat, and soybean basis were steady, while soft red winter
wheat basis was weaker on Tuesday. The U.S. harvest progress is holding pace
with averages, rain is falling for South America's planting season, and U.S.
and Chinese trade talks haven't developed anything in the way of soybean sales.
Yet, the markets seem to ignore those bearish fundamentals. Traders eye yield
reports from early harvest activity that indicate some are lower than last
year's. How widespread will those kinds of reports be in the Corn Belt is the
question. Demand seems to be driving corn, and soybean oil demand is supporting
the soybean complex. For wheat, three or four importers have reportedly bought
large quantities of U.S. wheat.

   OUTSIDE MARKETS: The previous closes on Tuesday showed the Dow Jones
Industrial Average down 125.55 at 45,757.90 and the S&P 500 down 8.52 at
6,606.76. The 10-Year Treasury yield ended at 4.026%. Early Wednesday, the
September Dow Jones Futures are up 12 points. European markets are higher with
the spot futures of London's FTSE 100 trading up 0.19%, spot futures of
Germany's DAX are trading up 0.15% and the spot futures of France's CAC 40
Index are up 0.01%. Asian markets are mixed, with Japan's Nikkei 225 Index down
0.25% and China's Shanghai Composite Index up 0.37%.