DTN Early Word Grains         09/28 05:51
   Row-Crop Traders Digest Trade Meeting Details, Eye Harvest Weather

   December corn is down 4 3/4 cents per bushel, November soybeans are down 20
cents, December KC wheat is down 8 1/2 cents, December Chicago wheat is down 4
1/4 cents, and MIAX December Minneapolis wheat is down 0.0325 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 4 3/4 cents per
bushel, November soybeans are down 20 cents, December KC wheat is down 8 1/2
cents, December Chicago wheat is down 4 1/4 cents, and MIAX December
Minneapolis wheat is down 0.0325 cents.

   CME GLOBEX RECAP: On Friday, December corn fell 3/4 cent, November soybeans
rose 1 1/2 cents, and December KC wheat fell 5 cents. Soybean, spring wheat,
corn, soft red winter, and hard red winter wheat basis were steady Friday.
Row-crop markets dropped double-digits Friday as traders were unimpressed by
the lack of news from the U.S.-China trade meeting. When the White House
announced during the session that it would release more details on Monday,
markets recovered. The White House announced late Friday that the U.S. and
China agreed to a $30 billion reciprocal tariff reduction and to begin
bilateral discussions on artificial intelligence. The tariff reduction will
cover nonsensitive goods, including U.S. agricultural and medical product
exports. The announcement offers little for soybean bulls. After the markets
digest the trade summit news, they will turn to the delayed harvest activity in
the Midwest and the upcoming USDA Quarterly Grain Stocks Report this week. On
Monday, USDA will release its weekly export inspections report at 10 a.m. CDT,
with data for the week ending September 24. The weekly Crop Progress report
will be released at 3 p.m. CDT.

   OUTSIDE MARKETS: The previous close on Friday showed the Dow Jones
Industrial Average up 478.64 at 51,828.62 and the S&P 500 up 39.28 at 7,743.41.
The 10-Year Treasury yield ended at 5.184%. Early Monday, the December Dow
Jones Futures are down 195 points. European markets are higher, with spot
futures for London's FTSE 100 up 0.25%, spot futures for Germany's DAX up
0.13%, and spot futures for France's CAC 40 Index up 0.17%. Asian markets are
lower, with Japan's Nikkei 225 Index down 0.73% and China's Shanghai Composite
Index down 1.67%.