DTN Early Word Grains         11/24 05:45
   Corn, Soybean Traders Look to Feast on Export Inspections

   December corn is down 2 1/2 cents per bushel, January soybeans are down 3
cents, March KC wheat is down 4 3/4 cents, March Chicago wheat is down 5 1/4
cents, and MIAX March Minneapolis wheat is steady.

Mike McGinnis
DTN Contributing Analyst

   MORNING GLOBEX NET CHANGES: December corn is down 2 1/2 cents per bushel,
January soybeans are down 3 cents, March KC wheat is down 4 3/4 cents, March
Chicago wheat is down 5 1/4 cents, and MIAX March Minneapolis wheat is steady.

   CME GLOBEX RECAP: Overnight, corn, soybeans, and wheat prices declined. On
Friday, corn finished slightly lower, while soybeans and wheat edged higher.
The basis for corn, soft red winter wheat, and hard red winter wheat remained
steady on Friday, but soybean and spring wheat basis strengthened. News for
corn traders has been slow. Monday's export inspection data will be closely
watched for ongoing market support. Soybean traders saw speculative and farmer
selling in recent rallies. China's purchases of U.S. soybeans offer
psychological support, if nothing else. Wheat attempts to break through
resistance levels but faces bearish fundamentals. Reports for Monday include
export inspections at 10 a.m. CST, and the final Crop Progress report for the
year at 3 p.m. CST will update on the fall harvest progress and winter wheat
conditions ahead of dormancy. The Thanksgiving holiday is shortening this
trading week.

   OUTSIDE MARKETS: The previous closes on Friday showed the Dow Jones
Industrial Average up 493.15 at 46,245.41 and the S&P 500 up 64.23 at 6,602.99.
The 10-Year Treasury yield ended at 4.063%. Early Monday, the December Dow
Jones Futures are down 31 points. European markets are higher with the spot
futures of London's FTSE 100 trading up 0.18%, spot futures of Germany's DAX
are trading up 0.39% and the spot futures of France's CAC 40 Index are down
0.1%. Asian markets are mixed, with Japan's Nikkei 225 Index down 2.4% and
China's Shanghai Composite Index up 0.05%.