DTN Early Word Grains         09/04 05:55
   Row-Crop Traders Face Holiday Weekend, Uncertain Geopolitics

   December corn is up 1/4 cent per bushel, November soybeans are down 3/4
cent, December KC wheat is up 6 1/2 cents, December Chicago wheat is up 4 1/4
cents, and MIAX December Minneapolis wheat is up 0.0250 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 1/4 cent per bushel,
November soybeans are down 3/4 cent, December KC wheat is up 6 1/2 cents,
December Chicago wheat is up 4 1/4 cents, and MIAX December Minneapolis wheat
is up 0.0250 cents.

   CME GLOBEX RECAP: On Thursday, December corn dropped 2 3/4 cents, November
soybeans rose 6 cents, and December KC wheat dropped 18 3/4 cents. Corn and
soft red winter wheat basis was stronger, and spring wheat basis and hard red
winter wheat basis were steady Thursday, while soybean basis were weaker.
Soybean prices on Thursday were propped up by extreme heat that is unfavorable
for the finishing stages of the U.S. crop. Russia's leader expressed optimism
for peace with Ukraine, pushing down wheat prices on Thursday. Corn prices
clawed back from double-digit losses early in the session, limiting losses.
Friday's trade faces positioning ahead of a long holiday weekend and the
ongoing uncertainty of two wars. On Friday, the U.S. Bureau of Labor Statistics
will release the August Employment report at 7:30 a.m. CDT. It is otherwise a
quiet day for reports, with the CFTC releasing the weekly Commitments of
Traders report after the close at 2:30 p.m. CDT. As a reminder, markets are
closed on Monday, September 7, for the Labor Day holiday.

   OUTSIDE MARKETS: The previous close on Thursday showed the Dow Jones
Industrial Average up 624.16 points to 53,686.11 and the S&P 500 up 81.11
points to 7,747.71. The 10-Year Treasury yield ended at 4.762%. Early Friday,
the September Dow Jones Futures are down 57 points. European markets are mixed,
with the spot futures of London's FTSE 100 Index steady, the spot futures of
Germany's DAX Index up 0.12%, and the spot futures of France's CAC 40 Index
down 0.04%. Asian markets are mixed, with Japan's Nikkei 225 Index up 1.26% and
China's Shanghai Composite Index down 0.3%.