DTN Early Word Grains         01/15 05:50
   Grain Markets Mixed with Corn, Soybeans Higher on South American Weather
Concerns

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

Kent Beadle, DTN Contributing Analyst

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

   CME GLOBEX RECAP: World equity markets are mixed, with U.S. and European
markets higher while Asian markets remain under pressure. U.S. markets on
Tuesday recovered to post modestly higher closes in the aftermath of a PPI
report that showed producer prices not as strong as pre-trade estimates. Food
costs were lower and that was a signal to traders that some inflationary
pressures may be starting to ease. We will get CPI data Wednesday, which will
help clarify the situation further.

   OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average up 221.16 at 42,518.28 and the S&P 500 up 6.69 at 5,842.91. The 10-Year
Treasury yield ended at 4.788%. Early Wednesday, the March Dow Jones Futures
are up 100 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 0.7%, spot futures of Germany's DAX is trading up
0.73% and the spot futures of France's CAC 40 Index up 0.36%. Asian markets are
lower with Japan's Nikkei 225 Index down 0.08% and China's Shanghai Composite
Index down 0.43%.