DTN Early Word Grains         09/16 05:55
   Grain Markets Lower, Consolidating Recent Gains

   December corn is down 2 cents per bushel, November soybeans are steady,
December KC wheat is down 8 cents, December Chicago wheat is down 6 3/4 cents
and December Minneapolis wheat is down 8 1/4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 2 cents per bushel,
November soybeans are steady, December KC wheat is down 8 cents, December
Chicago wheat is down 6 3/4 cents and December Minneapolis wheat is down 8 1/4
cents.

   CME GLOBEX RECAP: World equity markets are mixed Monday morning, after a
strong week in which U.S. futures managed to regain most of the losses that
were experienced earlier in the month. Traders are looking ahead to the Federal
Reserve meeting this week, in which a rate cut is going to occur. Traders
currently have a 50-50 chance for that cut to be either 25 or 50 basis points.

   In addition to the Fed meeting, traders will see the Empire State
manufacturing survey on Monday, U.S. retail sales, industrial production, and
business inventories on Tuesday, housing starts and building permits on
Wednesday, and jobless claims and leading economic indicators on Thursday.

   OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 297.01 at 41,393.78 and the S&P 500 up 30.26 at 5,626.02. The
10-Year Treasury yield ended at 3.65%. Early Monday, the September Dow Jones
Futures are up 77 points. European markets are mixed with the spot futures of
London's FTSE 100 trading down 0.04%, spot futures of Germany's DAX is trading
down 0.24% and the spot futures of France's CAC 40 Index up 0.04%. Asian
markets are lower with Japan's Nikkei 225 Index down 0.68% and China's Shanghai
Composite Index down 0.48%.