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DTN Early Word Grains         09/26 07:42
   Grains Higher at Midweek Ahead of USDA, Harvest

   December corn was up 1/4 cent, November soybeans were up 6 cents, and
December K.C. wheat was up 3 3/4 cents.



Tregg Cronin
DTN Contributing Analyst

6:00 a.m. CME Globex:   December corn was up 1/4 cent, November soybeans were
up 6 cents, and December K.C. wheat was up 3 3/4 cents.

CME Globex Recap:   Equity markets are higher Wednesday morning while forex and
debt markets are mixed ahead of the conclusion of the two-day Federal Open
Market Committee meeting. There is a 100% expectation the Fed raises their
benchmark interest rates by 0.25 basis point. Crude is slightly weaker
Wednesday but holding near four-year highs. Grains are broadly higher but still
inside recent ranges ahead of more data Friday.

OUTSIDE MARKETS:   Previous closes on Tuesday showed the Dow Jones Industrial
Average down 69.84 points at 26,492.21 and the S&P 500 down 3.81 points at
2,915.56 while the 10-year Treasury yield ended at 3.096%. Early Wednesday,
DJIA futures were up 45.00. Asian markets are higher with Japan's Nikkei 225 up
93.53 points (0.39%) and China's Shanghai Composite up 25.67 (0.92%). European
markets are mixed with London's FTSE 100 up 0.37 points (0.00%), Germany's DAX
down 12.74 points (-0.10%), and France's CAC 40 up 11.68 points (0.21%). The
euro was up 0.00015 at 1.18445 and the U.S. dollar index was up 0.0200 at
94.1640. September 30-year T-Bonds were up 8/32nds while December gold was down
$1.80 at $1203.30 and November crude oil was down $0.22 at $72.06 Soybeans on
China's Dalian Exchange closed up 0.11% while meal was up 0.98%..
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