DTN Early Word Grains         10/22 06:02
   Grains Sharply Higher Before Weekend

   December corn is up 4 1/4 cents per bushel, November soybeans are up 3 3/4
cents, and December KC wheat is up 13 cents.

Tregg Cronin
DTN Contributing Analyst

   CME Globex Recap:

   Global equity markets were mixed-to-higher overnight with U.S. futures
slightly higher following another record close on Thursday in the S&P 500.
Financial media outlets reported overnight China Evergrande Group made an
overdue interest payment to international bondholders, according to Chinese
state-owned media. The payment staved off default and may have given investors
a little more confidence the entire property market in China is not on the
brink of collapse. Energy markets were firmer overnight with crude oil just
below the $83.00 level as the uptrend continues. The U.S. Dollar Index was
weaker overnight but remains inside the previous day's range. Metals were
firmer overnight led by silver, which was up 1.08%. Grain markets were higher
across the board with gains led by wheat contracts as Kansas City climbs double
digits on the front end.

   OUTSIDE MARKETS:

   Previous closes on Thursday showed the Dow Jones Industrial Average down
6.26 at 35,603.08 and the S&P 500 up 13.59 at 4,536.19 while the 10-year
Treasury yield ended at 1.676%. Early Friday, the December DJIA futures are up
34 points. Asian markets are mixed with Japan's Nikkei 225 up 96.27 (0.34%) and
China's Shanghai Composite is down 12.18 points (0.34%). European markets are
higher with London's FTSE 100 up 31 points (0.43%), Germany's DAX up 86.62
points (0.56%) and France's CAC 40 up 61.1 points (0.91%). The December euro is
up 0.002 at 1.170 and the December U.S. Dollar Index is down 0.163 at 93.595.
The December 30-year T-Bond is down 0/32nds, while December gold is up $12.80
at $1,794.70 and December crude oil is up $0.38 at $82.88. Soybeans on China's
Dalian Exchange are down 2.33% while soybean meal is down 0.03%.