DTN Early Word Grains         11/25 05:46
   Row-Crop Markets Make Quiet Walk to Thanksgiving Holiday

   December corn is up 1 1/2 cents per bushel, January soybeans are up 2 1/4
cents, March KC wheat is up 2 3/4 cents, March Chicago wheat is up 2 1/4 cents,
and MIAX March Minneapolis wheat is down 0.0075 cents.

Mike McGinnis
DTN Contributing Analyst

   MORNING GLOBEX NET CHANGES: December corn is up 1 1/2 cents per bushel,
January soybeans are up 2 1/4 cents, March KC wheat is up 2 3/4 cents, March
Chicago wheat is up 2 1/4 cents, and MIAX March Minneapolis wheat is down
0.0075 cents.

   CME GLOBEX RECAP: Overnight, corn, soybeans, and wheat prices rose. On
Monday, all three farm markets closed lower. Soybean, soft red winter wheat,
and hard red winter wheat basis remained steady on Monday, while corn basis
strengthened and spring wheat basis weakened. Monday's trade quickly absorbed
strong USDA export inspection figures for corn and wheat, although bookings
were weak for soybeans. The market also received bullish news about China
purchasing another load of U.S. soybeans. Despite mostly supportive
fundamentals, record U.S. harvests and favorable growing weather in South
America keep a large supply overhang. Tuesday begins with the release of
delayed September retail sales and Producer Price Index reports at 7:30 a.m.
CST. The U.S. weekly export sales report for the week ending Oct. 9 will also
be released, presumably at 7:30 a.m. CST. After the close, USDA will issue its
Ag Trade Outlook and Cold Storage reports at 2 p.m. CST.

   OUTSIDE MARKETS: The previous closes on Monday showed the Dow Jones
Industrial Average up 202.86 at 46,448.27 and the S&P 500 up 102.13 at
6,705.12. The 10-Year Treasury yield ended at 4.038%. Early Tuesday, the
December Dow Jones Futures are down 54 points. European markets are lower, with
the spot futures of London's FTSE 100 trading down 0.05%, spot futures of
Germany's DAX are trading down 0.09% and the spot futures of France's CAC 40
Index are up 0.1%. Asian markets are mixed, with Japan's Nikkei 225 Index down
0.63% and China's Shanghai Composite Index up 0.87%.