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DTN Early Word Grains         09/17 05:57
   Overnight Soybean Rally Unlikely to Hold

   Corn is lower at 6 a.m. (CT); soybeans are lower; wheat is lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn 1 cent lower, November soybeans 3 cents
lower, and December Chicago wheat 1 cent lower.

CME Globex Recap:   The soybean market was higher early Wednesday, but like
Tuesday, could see a round of selling to close out the CME Globex session once
traders wake up and look at their computers. Corn and wheat were lower, posting
small losses after an overnight session of narrow trading ranges. Outside
markets were mostly higher, led once again by crude oil. The U.S. dollar index
was showing a small loss.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 100.83 points higher
Tuesday at 17,031.14. Dow Jones Industrial Average futures were 29 points lower
overnight, indicating the Dow could see selling interest early Tuesday. Asian
markets were mostly higher though the Nikkei was down 22.86 points at
15,888.67. European markets were higher. The overnight crude oil market was
$0.02 higher at $94.90 while Brent crude was $0.41 higher at $99.46. The
December gold contract was $1.50 higher at $1,238.20 while the U.S. dollar
index was 0.017 lower at 84.057. Soybeans at the Dalian Exchange were lower
while Malaysian palm oil contracts were higher.
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