DTN Early Word Grains         09/10 05:47
   Row-Crop Markets Drift Ahead of USDA's Data Dump on Friday

   December corn is up 2 3/4 cents per bushel, November soybeans are up 5 3/4
cents, December KC wheat is down 4 1/2 cents, December Chicago wheat is down 1
1/4 cents, and MIAX December Minneapolis wheat is steady.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 2 3/4 cents per
bushel, November soybeans are up 5 3/4 cents, December KC wheat is down 4 1/2
cents, December Chicago wheat is down 1 1/4 cents, and MIAX December
Minneapolis wheat is steady.

   CME GLOBEX RECAP: On Wednesday, December corn dropped 5 3/4 cents, November
soybeans dropped 6 3/4 cents, and December KC wheat dropped 12 3/4 cents.
Soybean and corn basis was steady, while soft red winter wheat basis was
stronger Wednesday, and spring wheat and hard red winter wheat basis was
steady. Wednesday's lower trade felt like a price correction after highs were
hit early in the month. That said, the bullish factors supporting the wheat
market remain in place, namely the escalation of war activity in the Black Sea.
The corn market fell for a fifth straight session on Wednesday amid pressure
from Friday's WASDE Report that is expected to show large crop estimates.
Soybean losses were trimmed on Wednesday due to ongoing strong demand from
China. The crude oil market, as it relates to ethanol and biodiesel, is showing
no signs of weakening. Brent futures are over $102 a barrel early Thursday.
Advisors to President Trump have suggested that the Iran war could last until
2029, the Wall Street Journal reported on Thursday.

   OUTSIDE MARKETS: The previous close on Wednesday showed the Dow Jones
Industrial Average down 405.41 at 52,380.66 and the S&P 500 down 37.16 at
7,636.36. The 10-Year Treasury yield ended at 4.837%. Early Thursday, the
September Dow Jones Futures are up 101 points. European markets are mixed, with
spot futures for London's FTSE 100 down 0.3%, spot futures for Germany's DAX up
0.03%, and spot futures for France's CAC 40 Index up 0.18%. Asian markets are
mixed, with Japan's Nikkei 225 Index up 0.2% and China's Shanghai Composite
Index down 0.43%.