DTN Early Word Grains         10/24 05:41
   Trade Talks Take Center Stage for Row-Crop Markets

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

Mike McGinnis
DTN Contributing Analyst

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

   CME GLOBEX RECAP: The corn, soybean, and wheat markets all closed higher on
Thursday. Corn and HRW wheat basis remained steady, while soybean, spring
wheat, and SRW wheat basis strengthened on Thursday. The farm markets moved
higher on optimism about U.S. and China trade negotiators meeting this weekend
to prepare for President Trump and China's President Xi's meeting next
Thursday. The market is reacting to every announcement about this meeting.
Harvest revenue insurance prices, as of Oct. 23, for December futures are $4.19
per bushel for corn and $10.20 per bushel for November soybeans.

   OUTSIDE MARKETS: The previous closes on Friday showed the Dow Jones
Industrial Average up 144.20 at 46,734.61 and the S&P 500 up 39.04 at 6,738.44.
The 10-Year Treasury yield ended at 3.991%. Early Friday, the December Dow
Jones Futures are up 61 points. European markets are mixed with the spot
futures of London's FTSE 100 trading down 0.11%, Germany's DAX is steady, and
the spot futures of France's CAC 40 Index are up 0.56%. Asian markets are
higher with Japan's Nikkei 225 Index up 1.35% and China's Shanghai Composite
Index up 0.71%.