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DTN Early Word Grains         07/29 05:56
   Back to the Regularly Scheduled Program

   December corn was 4 cents lower, November soybeans were 1 cent lower, and
September Chicago wheat was 4 cents lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was 4 cents lower, November soybeans were
1 cent lower, and September Chicago wheat was 4 cents lower.

CME Globex Recap:   Grains traded both sides of unchanged overnight with
contracts initially extending Tuesday's rally. However, buying interest died
out allowing sellers to move back in and push the markets to new session lows
early Wednesday. Despite the U.S. dollar index resuming its sell-off outside
commodities were also mostly lower.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 189.68 points higher
Tuesday at 17,630.27. Asian markets were lower, except for the Nikkei which was
down 25.98 points at 20,302.91. European markets were mostly higher. The U.S.
dollar index was 0.166 lower at 96.606. Crude oil was $0.23 lower at $47.75
while Brent crude was $0.226 lower at $53.04. December gold was $0.40 lower at
$1,096.30. Soybeans at the Dalian Exchange were higher, following the lead of
Tuesday's U.S. market, while Malaysian palm oil contracts were lower again.
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