DTN Early Word Grains         01/06 05:46
   Trade Seeks Confirmation of Rumors of Chinese Soybean Buys

   March corn is steady, March soybeans are up 1 3/4 cents, March KC wheat is
down 1/2 cent, March Chicago wheat is down 1/2 cent, and MIAX March Minneapolis
wheat is down 0.0050 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is steady, March soybeans are
up 1 3/4 cents, March KC wheat is down 1/2 cent, March Chicago wheat is down
1/2 cent, and MIAX March Minneapolis wheat is down 0.0050 cents.

   CME GLOBEX RECAP: On Monday, the soybean market surged higher on strong
Chinese purchases of U.S. soybeans, as reflected in the weekly data. Corn and
wheat followed soybeans higher. Corn, soybean, hard red winter wheat, and
spring wheat basis strengthened on Friday, while soft red winter wheat basis
weakened. Separately, rumors swirled on Monday that China reportedly booked
10-14 cargoes of U.S. soybeans at the Gulf Coast and Pacific Northwest for the
March/April/May timeframe. Traders will look for confirmation of those
purchases. As of Monday, the USDA is caught up with its delayed export sales
reports following the October government shutdown.

   OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average up 594.79 at 48,977.18 and the S&P 500 up 43.58 at 6,902.05. The
10-Year Treasury yield ended at 4.165%. Early Tuesday, the March Dow Jones
Futures are down 93 points. European markets are higher, with the spot futures
of London's FTSE 100 trading up 0.45%, spot futures of Germany's DAX are
trading up 0.07% and the spot futures of France's CAC 40 Index are down 0.58%.
Asian markets are higher, with Japan's Nikkei 225 Index up 1.32% and China's
Shanghai Composite Index up 1.5%.