DTN Early Word Grains         09/25 08:40
   Row-Crop Markets Are Unimpressed with U.S.-China Trade Summit

   December corn is down 9 3/4 cents per bushel, November soybeans are down 13
1/4 cents, December KC wheat is down 16 1/2 cents, December Chicago wheat is
down 15 1/2 cents, and MIAX December Minneapolis wheat is down 0.0825 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 9 3/4 cents per
bushel, November soybeans are down 13 1/4 cents, December KC wheat is down 16
1/2 cents, December Chicago wheat is down 15 1/2 cents, and MIAX December
Minneapolis wheat is down 0.0825 cents.

   CME GLOBEX RECAP: On Thursday, December corn fell 1 1/2 cents, November
soybeans fell 1/2 cent, and December KC wheat fell 4 3/4 cents. Soybean basis
was stronger, while spring wheat, corn and soft red winter wheat basis was
steady Thursday, and hard red winter wheat basis was stronger. On Thursday, the
farm markets took a wait-and-see attitude toward the U.S.-China trade summit.
Before the close, the meeting produced little news. Weak weekly export sales
didn't help the bulls. Soybeans and wheat sales missed expectations, while corn
sales were at the low end of expectations. Wheat prices were under pressure
with diplomatic talks favoring an energy infrastructure ceasefire. As of Friday
morning, the U.S.-China trade meeting was being described as a lot of pomp and
circumstance with few tangible gains. On Friday, at 2:30 p.m. CDT, CFTC will
release the Commitments of Traders report, with trader positions as of Tuesday,
September 22.

   OUTSIDE MARKETS: The previous close on Thursday showed the Dow Jones
Industrial Average down 161.61 at 51,349.98 and the S&P 500 down 1.90 at
7,704.13. The 10-Year Treasury yield ended at 5.162%. Early Friday, the
December Dow Jones Futures are up 108 points. European markets are higher, with
spot futures for London's FTSE 100 up 0.41%, spot futures for Germany's DAX up
0.8%, and spot futures for France's CAC 40 Index up 0.17%. Asian markets are
mixed, with Japan's Nikkei 225 Index up 1.3%, and China's Shanghai Composite
Index is steady.