DTN Early Word Grains         01/08 05:50
   Demand is the Talk, while a Record Brazil Crop Quietly Grows

   March corn is down 3/4 cent per bushel, March soybeans are down 2 1/4 cents,
March KC wheat is up 1/4 cent, March Chicago wheat is up 3/4 cent, and MIAX
March Minneapolis wheat is up 0.0350 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is down 3/4 cent per bushel,
March soybeans are down 2 1/4 cents, March KC wheat is up 1/4 cent, March
Chicago wheat is up 3/4 cent, and MIAX March Minneapolis wheat is up 0.0350
cents.

   CME GLOBEX RECAP: On Wednesday, the wheat market closed double-digits higher
on concerns about the U.S. winter crop. Soybeans followed wheat, finishing 10
cents higher, while corn added a few cents. Traders keep one eye on demand
updates and the other on South America's crop progress. Corn basis was weaker,
soybean basis was stronger, and hard red winter wheat, soft red winter wheat,
and spring wheat basis were steady on Wednesday. Thursday will feature an
active morning for reports, with USDA's weekly export sales at 7:30 a.m. CST,
which, at long last, will bring the release up to a normal data lag of one
week. At the same time, the U.S. Census Bureau will release the October trade
balance report, which the USDA will later use to update its agricultural trade
data.

   OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones
Industrial Average down 466.00 at 48,996.08 and the S&P 500 down 23.89 at
6,920.93. The 10-Year Treasury yield ended at 4.138%. Early Thursday, the March
Dow Jones Futures are down 144 points. European markets are lower, with the
spot futures of London's FTSE 100 trading down 0.38%, spot futures of Germany's
DAX are trading down 0.07% and the spot futures of France's CAC 40 Index are
down 0.25%. Asian markets are lower, with Japan's Nikkei 225 Index down 1.63%
and China's Shanghai Composite Index down 0.07%.