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DTN Early Word Grains         11/10 05:45
   USDA's November Crop Production and WASDE Data Drops Tuesday

   December corn is up 2 3/4 cents per bushel, January soybeans are up 8 cents,
December KC wheat is up 4 1/4 cents, December Chicago wheat is up 1 1/2 cents,
and MIAX December Minneapolis wheat is down 0.0175 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 2 3/4 cents per
bushel, January soybeans are up 8 cents, December KC wheat is up 4 1/4 cents,
December Chicago wheat is up 1 1/2 cents, and MIAX December Minneapolis wheat
is down 0.0175 cents.

   CME GLOBEX RECAP: On Monday, December corn dropped 2 1/4 cents, January
soybeans dropped 5 1/2 cents, and December KC wheat was unchanged. Soybean and
soft red winter wheat basis was stronger, while hard red winter wheat, corn,
and spring wheat basis was steady Monday. Once the air was let out of the
row-crop markets early last month, the bullish news just hasn't been good
enough to recapture upside momentum. In fact, corn is retracing to its June
low, and soybeans are trying to gain positive momentum but are getting dragged
down instead. In both markets, speculators continue to shed length by adding
more short positions weekly. Harvest, though almost over, has not helped. Wheat
faces news headlines that the U.S., Russia, and China will meet this week to
negotiate an end to the Black Sea war. Meanwhile, crude oil prices slid 6.4% on
Monday to June lows after President Trump said he prefers diplomacy, not
strikes, in dealing with Iran. Tuesday morning, the USDA releases its November
Crop Production and WASDE Reports at 11:00 am CDT.

   OUTSIDE MARKETS: The previous close on Monday showed the Dow Jones
Industrial Average up 1,104.02 at 52,389.75 and the S&P 500 up 173.08 at
7,549.94. The 10-Year Treasury yield ended at 4.864%. Early Tuesday, the
December Dow Jones Futures are up 168 points. European markets are higher, with
spot futures for London's FTSE 100 up 0.37%, spot futures for Germany's DAX up
1.28%, and spot futures for France's CAC 40 Index up 1.2%. Asian markets are
higher, with Japan's Nikkei 225 Index up 2.87% and China's Shanghai Composite
Index up 0.08%.
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