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DTN Early Word Grains         07/27 05:57
   Green Markets Here, There, and Everywhere

   December corn was 1 cent higher, November soybeans were 4 cents higher, and
September Chicago (SRW) wheat was 5 cents higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was 1 cent higher, November soybeans were
4 cents higher, and September Chicago (SRW) wheat was 5 cents higher.

CME Globex Recap:   Commodities in general were higher early Thursday morning,
due in part to Wednesday's sharp sell-off by the U.S. dollar index. Gold posted
the most impressive rally, up $12, while crude oil struggled to follow-through
on Wednesday's rally. Grains were higher across the board on the idea it wasn't
where rains fell yesterday (across most of the U.S. Midwest), but when (maybe
too late to help some of the corn crop).

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 97.58 points (0.5%)
higher at 21,711.01, the NASDAQ Composite gained 10.57 points (0.2%) to
6,422.75, and the S&P 500 added 0.70 to 2,477.83 Wednesday. DJIA futures were
26 points higher early Thursday morning. Asian markets closed higher with
Japan's Nikkei up 29.48 points (0.2%), Hong Kong's Hang Seng gaining 190.15
points (0.7%), and China's Shanghai Composite rallying 2.11 points. European
markets were trading mixed with London's FTSE 100 adding 0.47, Germany's DAX
down 70.47 points (0.6%), and France's CAC 40 up 2.85 points. The euro was
0.0027 lower at 1.1707 while the U.S. dollar index gained 0.22 to 93.62.
September 30-year T-Bonds were 9/32 lower at 152'28 while August gold rallied
$12.00 to $1,261.40. Crude oil was $0.02 higher at $48.77 while Brent crude
added $0.03 to $51.00. China's Dalian soybean and Malaysian palm oil futures
were both higher again overnight.
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