DTN Early Word Grains         05/27 05:40
   Crop Weather, Middle East Negotiations to Drive Row-Crop Prices Wednesday

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 1 3/4 cents per bushel,
July soybeans are up 2 1/4 cents, July KC wheat is down 6 1/2 cents, July
Chicago wheat is down 8 3/4 cents, and MIAX July Minneapolis wheat is down
0.0275 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 1 3/4 cents per bushel,
July soybeans are up 2 1/4 cents, July KC wheat is down 6 1/2 cents, July
Chicago wheat is down 8 3/4 cents, and MIAX July Minneapolis wheat is down
0.0275 cents.

   CME GLOBEX RECAP: On Tuesday, July corn dropped 5 3/4 cents, July soybeans
fell 10 1/2 cents, and July KC wheat was down 5 3/4 cents. Corn and hard red
winter wheat basis were steady on Tuesday, while soybean, soft red winter
wheat, and spring wheat basis were stronger. The futures markets are pressured
by favorable crop weather and conditions early in the growing season. The
energy markets moved off daily highs on Tuesday amid mixed signals on progress
toward a peace deal between the U.S. and Iran. There are no major agricultural
or macroeconomic reports scheduled for Wednesday. Middle East negotiations and
crop weather remain the focus for traders.

   OUTSIDE MARKETS: The previous close on Wednesday showed the Dow Jones
Industrial Average down 118.02 points to 50,461.68 and the S&P 500 up 45.65
points to 7,519.12. The 10-Year Treasury yield ended at 4.493%. Early
Wednesday, the June Dow Jones Futures are up 240 points. European markets are
higher, with the spot futures of London's FTSE 100 trading up 0.08%, spot
futures of Germany's DAX are trading up 0.67%, and the spot futures of France's
CAC 40 Index are up 0.88%. Asian markets are mixed, with Japan's Nikkei 225
Index up 0.01% and China's Shanghai Composite Index down 1.25%. The June Euro
is up 0.001 at 1.165, and the June U.S. Dollar Index is down 0.086 at 99.015.
The June 30-Year T-Bond is up 12/32nds, while June gold is down $16.60 at
$4,485.70, and July crude oil is down $3.81 at $90.08. On China's Dalian
Exchange, July corn was down 0.13% while July soybeans were up 0.66%, September
soybean meal was up 0.1% and August Malaysian Palm Oil was trading up 0.51%,
and August Malaysian Palm Oil was trading up 0.54%.