DTN Early Word Grains         09/23 05:55
   Trump, Xi Meeting on Row Crop Traders' Radar

   December corn is down 7 1/4 cents per bushel, November soybeans are down 8
1/2 cents, December KC wheat is down 11 1/4 cents, December Chicago wheat is
down 10 cents, and MIAX December Minneapolis wheat is down 0.0550 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 7 1/4 cents per
bushel, November soybeans are down 8 1/2 cents, December KC wheat is down 11
1/4 cents, December Chicago wheat is down 10 cents, and MIAX December
Minneapolis wheat is down 0.0550 cents.

   CME GLOBEX RECAP: On Tuesday, December corn fell 6 1/4 cents, November
soybeans fell 2 1/2 cents, and December KC wheat fell 13 1/4 cents. Corn and
soft red winter wheat basis was steady, while spring wheat and hard red winter
wheat basis was stronger Tuesday, and soybean basis was weaker. After falling
to early lows, the soybean market bounced on optimism of a positive outcome
from this week's trade meeting between the U.S. and China, though ultimately
finishing lower on Tuesday. Corn and wheat prices on Tuesday were pressured by
talks in the Black Sea and in the Middle East to end the wars. At the UN
General Assembly Meeting on Tuesday, President Trump said U.S. senior leaders
had a good meeting with Iranian leaders. Trump is also considering implementing
a ban on U.S. diesel exports to curb the rising fuel costs. Critics see this as
a short-term fix, but in the long-term, refineries would cut production,
ultimately pushing up prices. EIA will release its weekly Petroleum Status
report at 9:30 a.m. CDT on Wednesday morning, offering a look into energy
fundamentals for the week ending September 18.

   OUTSIDE MARKETS: The previous close on Tuesday showed the Dow Jones
Industrial Average down 185.14 at 51,863.69 and the S&P 500 down 0.06 at
7,764.64. The 10-Year Treasury yield ended at 4.968%. Early Wednesday, the
December Dow Jones Futures are up 7 points. European markets are lower, with
spot futures for London's FTSE 100 down 0.06%, spot futures for Germany's DAX
down 0.57%, and spot futures for France's CAC 40 Index down 0.07%. Asian
markets are mixed, with Japan's Nikkei 225 Index up 1.38% and China's Shanghai
Composite Index down 0.39%.