DTN Early Word Grains         10/21 05:49
   Grain Markets Higher on Firm Cash Markets

   December corn is up 1 3/4 cents per bushel, November soybeans are up 7 1/2
cents, December KC wheat is up 2 3/4 cents, December Chicago wheat is up 2
cents and December Minneapolis wheat is up 2 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 3/4 cents per
bushel, November soybeans are up 7 1/2 cents, December KC wheat is up 2 3/4
cents, December Chicago wheat is up 2 cents and December Minneapolis wheat is
up 2 cents.

   CME GLOBEX RECAP: World equity markets are mostly lower to begin the week
although the Chinese market is slightly higher, building on last week's late
rebound there. Equity markets have become choppy, with economic data mixed and
varying opinions about the size and timing of the next rate cut from the Fed.

   New data this week includes leading economic indicators on Monday, existing
home sales on Wednesday, jobless claims, new home sales, and U.S. flash PMI's
on Thursday, with durable goods and consumer sentiment on Friday.

   OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 36.86 at 43,275.91 and the S&P 500 up 23.20 at 5,864.67. The 10-Year
Treasury yield ended at 4.073%. Early Monday, the December Dow Jones Futures
are down 45 points. European markets are /lower with the spot futures of
London's FTSE 100 trading down 0.07%, spot futures of Germany's DAX is trading
down 0.53% and the spot futures of France's CAC 40 Index down 0.56%. Asian
markets are mixed with Japan's Nikkei 225 Index down 0.07% and China's Shanghai
Composite Index up 0.2%.