DTN Early Word Grains         10/07 05:54
   Grain Markets Mostly Lower Monday Morning on an Increase in the Rainfall
Forecast for South America

   December corn is down 2 cents per bushel, November soybeans are down 6 1/2
cents, December KC wheat is down 4 cents, December Chicago wheat is down 3
cents and December Minneapolis wheat is down 6 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 2 cents per bushel,
November soybeans are down 6 1/2 cents, December KC wheat is down 4 cents,
December Chicago wheat is down 3 cents and December Minneapolis wheat is down 6
cents.

   CME GLOBEX RECAP: U.S. and European markets are mixed to lower to begin the
new week, while Japan is higher, and China is still closed for the last day of
its golden week. On Friday, the U.S. jobs report was much stronger than
anticipated, with 254,000 new jobs and an upward revision to the August
estimate. While the economic strength helped stocks rally on Friday,
market-based interest rates rose, and the dollar rallied as well. Expectations
for another potential 50-point rate cut vanished, and now the market is only
pricing an 80% chance of a 25-basis point cut at the Fed meeting in November.

   Important economic data that will be released this week include consumer
credit on Monday, the U.S. trade deficit on Tuesday, wholesale inventories on
Wednesday, jobless claims and new CPI data on Thursday, and PPI data along with
consumer sentiment on Friday. There will be several members of the Federal
Reserve speaking this week. In agriculture, the highlight will be the October
Supply and Demand report which will be released on Friday.

   OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 341.16 at 42,352.75 and the S&P 500 up 51.13 at 5,751.07. The
10-Year Treasury yield ended at 3.981%. Early Monday, the December Dow Jones
Futures are down 175 points. European markets are mixed with the spot futures
of London's FTSE 100 trading up 0.2%, spot futures of Germany's DAX is trading
down 0.3% and France's CAC 40 Index is steady. Asian markets are higher with
Japan's Nikkei 225 Index up 1.8% and China's Shanghai Composite Index is steady.