DTN Early Word Grains         08/26 05:55
   Corn Jumps 6% on the Week to Lead Row-Crop Markets

   December corn is up 5 1/2 cents per bushel, November soybeans are up 4 1/2
cents, December KC wheat is up 14 1/2 cents, December Chicago wheat is up 13
1/4 cents, and MIAX December Minneapolis wheat is up 0.1025 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 5 1/2 cents per
bushel, November soybeans are up 4 1/2 cents, December KC wheat is up 14 1/2
cents, December Chicago wheat is up 13 1/4 cents, and MIAX December Minneapolis
wheat is up 0.1025 cents.

   CME GLOBEX RECAP: On Tuesday, December corn rose 7 cents, November soybeans
dropped 15 1/4 cents, and September KC wheat dropped 5 3/4 cents. Corn, spring
wheat, and soybean basis was steady Tuesday, while soft red winter wheat basis
was weaker and hard red winter wheat basis was stronger. Soybean futures, up
0.40% this week, clawed back losses from the previous session on Tuesday. For
now, traders accept that this week's U.S. sanctions on Iran will not affect
China's intent to meet with the U.S. in September over trade. Additional
support came from ongoing purchases of U.S. soybeans by China and cuts in
weekly crop ratings. Corn, up 6% on the week, was higher for the fifth straight
session, reaching three-year highs for the most active contract. Wheat, up 3%
on the week, moved higher, with traders not believing that the announcement by
Ukraine and Russia of efforts to negotiate a truce over grain port attacks will
be realized. The Bureau of Economic Analysis will release its second estimate
of second-quarter U.S. GDP, as well as the July Personal Consumption
Expenditures report at 7:30 a.m. CDT on Wednesday. The Energy Information
Administration will release the weekly Petroleum Status report at 9:30 a.m. CDT
on Wednesday.

   OUTSIDE MARKETS: The previous close on Tuesday showed the Dow Jones
Industrial Average up 160.24 to 53,577.40 and the S&P 500 up 24.42 to 7,677.28.
The 10-Year Treasury yield ended at 4.639%. Early Wednesday, the September Dow
Jones Futures are up 37 points. European markets are mixed, with the spot
futures of London's FTSE 100 trading down 0.06%, the spot futures of Germany's
DAX trading up 0.15%, and the spot futures of France's CAC 40 Index trading up
0.43%. Asian markets are higher, with Japan's Nikkei 225 Index up 0.62% and
China's Shanghai Composite Index up 0.59%.