DTN Early Word Grains         10/26 05:53
   Brazil's Election Upset Crashes Currency, Plunges Soybeans

   December corn is down 2 1/4 cents per bushel, November soybeans are down 14
1/4 cents, December KC wheat is up 1/4 cent, December Chicago wheat is up 1 3/4
cents, and MIAX December Minneapolis wheat is steady.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 2 1/4 cents per
bushel, November soybeans are down 14 1/4 cents, December KC wheat is up 1/4
cent, December Chicago wheat is up 1 3/4 cents, and MIAX December Minneapolis
wheat is steady.

   CME GLOBEX RECAP: On Friday, December corn dropped 4 1/2 cents, November
soybeans rose 3 1/2 cents, and December KC wheat dropped 1 1/4 cents. Corn
basis was stronger Friday, while soybean, hard red winter wheat, spring wheat,
and soft red winter basis wheat were steady. Soybean prices were higher for a
second straight session on Friday, supported by technicals. Demand for corn and
wheat has been disappointing this month, adding to the harvest pressure. On
Sunday night, soybean futures dropped sharply, gapping lower as the Brazilian
real plunged after President Lula da Silva won a fourth term. Crude oil has
fallen back from its six-month high amid overbought signals. On Monday, the
USDA releases its weekly Export Inspections Report at 10 a.m. CDT and its
Weekly Crop Progress report at 3 p.m. CDT.

   OUTSIDE MARKETS: The previous close on Friday showed the Dow Jones
Industrial Average down 652.82 at 52,215.16 and the S&P 500 down 39.75 at
7,623.68. The 10-Year Treasury yield ended at 4.988%. Early Monday, the
December Dow Jones Futures are up 247 points. European markets are higher, with
London's FTSE 100 spot futures up 0.71%, Germany's DAX spot futures up 1.06%,
and France's CAC 40 spot futures up 0.81%. Asian markets are mixed, with
Japan's Nikkei 225 Index down 0.8% and China's Shanghai Composite Index up
0.19%.