DTN Early Word Grains         10/28 05:50
   Soybean Futures Rally 35 Cents Ahead of U.S.-China Trade Meeting

   December corn is up 5 3/4 cents per bushel, November soybeans are up 17 1/2
cents, December KC wheat is up 10 3/4 cents, December Chicago wheat is up 11
cents, and MIAX December Minneapolis wheat is up 0.0875 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 5 3/4 cents per
bushel, November soybeans are up 17 1/2 cents, December KC wheat is up 10 3/4
cents, December Chicago wheat is up 11 cents, and MIAX December Minneapolis
wheat is up 0.0875 cents.

   CME GLOBEX RECAP:  A sharp rally on Monday helped the soybean and wheat
markets close double-digits higher and corn up a nickel. The rally was driven
by news that the U.S. and China agreed on a preliminary consensus for soybean
sales to China. In fact, the November soybean contract nearly reached the 2025
calendar year high. Corn, soybean, spring wheat, and SRW wheat basis were
stronger on Monday, while HRW wheat basis was steady. The traders are closely
watching the outcome of Thursday's trade meeting between U.S. and Chinese
leaders. While the headlines on Monday suggested a trade agreement was
imminent, traders have seen this type of trade talk collapse before. On Monday,
soybean farmers were urged to reward the market. Farmer-selling will be watched
as the week progresses. For corn and wheat, both markets are rising along with
soybeans. Corn prices are underpinned by strong demand, as evidenced by the
USDA's Weekly Export Inspection Report showing bookings running 58% above a
year ago.

   OUTSIDE MARKETS: The previous closes on Monday showed the Dow Jones
Industrial Average up 337.47 at 47,544.59 and the S&P 500 up 83.47 at 6,875.16.
The 10-Year Treasury yield ended at 3.997%. Early Tuesday, the December Dow
Jones Futures are up 101 points. European markets are lower, with the spot
futures of London's FTSE 100 trading up 0.05%, spot futures of Germany's DAX
are trading down 0.22% and the spot futures of France's CAC 40 Index are down
0.19%. Asian markets are lower, with Japan's Nikkei 225 Index down 0.58% and
China's Shanghai Composite Index down 0.22%.