DTN Early Word Grains         12/20 05:46
   Grain Markets Higher as Both Soybeans, Brazilian Real Try to Correct Steep
Losses

   March corn is up 2 3/4 cents per bushel, January soybeans are up 7 cents,
March KC wheat is up 3 cents, March Chicago wheat is up 1 1/2 cents and March
Minneapolis wheat is up 5 1/4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 2 3/4 cents per bushel,
January soybeans are up 7 cents, March KC wheat is up 3 cents, March Chicago
wheat is up 1 1/2 cents and March Minneapolis wheat is up 5 1/4 cents.

   CME GLOBEX RECAP: World equity markets are mostly lower, as U.S. interest
rates are at their highest levels since May in the aftermath of this week's
hawkish comments from the Federal Reserve Chairman Powell. Also impacting
market sentiment is the lack of a U.S. budget bill with another bill failing to
pass in the House of Representatives on Thursday night. The government is
poised to shut down on Friday evening should a bill not pass. The Dow Jones
Industrial Average did close higher on Thursday, breaking a ten-day losing
streak that was the longest since 1974. But futures are lower Friday morning in
anticipation of the PCE report which is expected to show the PCE tick upward by
0.2% for the month of November.

   OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 15.37 at 42,342.24 and the S&P 500 down 5.08 at 5,867.08. The
10-Year Treasury yield ended at 4.57%. Early Friday, the March Dow Jones
Futures are down 166 points. European markets are lower with the spot futures
of London's FTSE 100 trading down 0.65%, spot futures of Germany's DAX is
trading down 1.31% and the spot futures of France's CAC 40 Index down 1.04%.
Asian markets are lower with Japan's Nikkei 225 Index down 0.29% and China's
Shanghai Composite Index down 0.06%.