DTN Early Word Grains         01/13 05:51
   Grain Markets Higher in Aftermath of Bullish USDA Reports, 45Z Guidance

   March corn is up 4 1/4 cents per bushel, March soybeans are up 9 1/2 cents,
March KC wheat is up 6 1/4 cents, March Chicago wheat is up 7 3/4 cents and
March Minneapolis wheat is up 5 1/2 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 4 1/4 cents per bushel,
March soybeans are up 9 1/2 cents, March KC wheat is up 6 1/4 cents, March
Chicago wheat is up 7 3/4 cents and March Minneapolis wheat is up 5 1/2 cents.

   CME GLOBEX RECAP: World equity markets are lower Monday morning. Friday's
unexpectedly strong jobs report has interest rates rising again, and that is
pressuring equity markets all over the world. The major reports that will be
released this week will be the PPI reports that are out Tuesday and the CPI
report that is out Wednesday.

   OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average down 696.75 at 41,938.45 and the S&P 500 down 91.21 at 5,827.04. The
10-Year Treasury yield ended at 4.776%. Early Monday, the March Dow Jones
Futures are down 127 points. European markets are lower with the spot futures
of London's FTSE 100 trading down 0.51%, spot futures of Germany's DAX is
trading down 0.81% and the spot futures of France's CAC 40 Index down 0.91%.
Asian markets are lower with Japan's Nikkei 225 Index down 1.05% and China's
Shanghai Composite Index down 0.25%.