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DTN Early Word Grains         12/04 05:54
   Grains Mixed Ahead of Weekend

   March corn is up 1/4 cent per bushel, January soybeans are up 4 cents, and
March KC wheat is down 1/2 cent.

Tregg Cronin
DTN Contributing Analyst

   Pre-6 a.m. Globex Prices: March corn is up 1/4 cent per bushel, January
soybeans are up 4 cents, and March KC wheat is down 1/2 cent.

   CME Globex Recap: Global equity trade was mostly higher overnight with U.S.
futures adding gains ahead of the latest unemployment situation report in the
United States. Analysts are expecting the report to show 430,000 jobs added
during the month of November, the smallest job creation in four months but the
unemployment rate is expected to slip to 6.8%, down 0.1% from October. There is
also more optimism about a stimulus bill passing next week. Energy markets are
stronger overnight with spot crude oil futures up over 1.0%, trading at the
highest level since March 5. The U.S. Dollar Index is weaker but above
Thursday's lows while precious metals are firmer overnight. Grain markets are
mixed overnight with higher soybeans and soybean oil while wheat, meal and corn
are lower. It feels like our markets are trying to hammer out some ranges which
will provide direction for trade this winter. South American weather and
Chinese demand will continue to drive price action in the near-term.

   OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average up 85.73 at 29,969.52 and the S&P 500 down 2.29 at 3,669.01 while the
10-Year Treasury yield ended at 0.92%. Early Friday, the December DJIA futures
are up 119 points. Asian markets are mixed with Japan's Nikkei 225 down 58.13
(-0.22%) and China's Shanghai Composite up 2.45 points (0.07%). European
markets are higher with London's FTSE 100 up 41.88 points (0.65%), Germany's
DAX up 12.15 points (0.09%) and France's CAC 40 up 22.02 points (0.4%). The
December Euro is up 0.002 at 1.220 and the December U.S. dollar index is down
0.058 at 90.660. The March 30-Year T-Bond is down 5/32nds, while February gold
is up $2.60 at $1,843.70 and January crude oil is up $0.49 at $46.13. Soybeans
on China's Dalian Exchange were up 1.62% while soybean meal was up 0.36%.
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