DTN Early Word Grains         06/29 05:50
   Traders Brace for Month-End, Market-Impacting USDA Data

   July corn is down 7 1/2 cents per bushel, November soybeans are down 9
cents, September KC wheat is down 1/4 cent, September Chicago wheat is down 4
3/4 cents, and MIAX September Minneapolis wheat is up 0.0325 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 7 1/2 cents per bushel,
November soybeans are down 9 cents, September KC wheat is down 1/4 cent,
September Chicago wheat is down 4 3/4 cents, and MIAX September Minneapolis
wheat is up 0.0325 cents.

   CME GLOBEX RECAP: On Friday, July corn dropped 2 cents, July soybeans
dropped 1 1/4 cents, and July KC wheat dropped 9 1/2 cents. Corn, hard red
winter, mild red winter, and spring wheat basis were stronger on Friday, and
soybean basis was steady, moving to August. Wheat prices on Friday were
pressured by harvest activity in the U.S. and Canada, closing lower for the
fifth time in six sessions. That bearishness flowed over into the corn and
soybean markets. Additionally, June is ending with little threatening crop
weather for the Corn Belt with July's weather leaning bearish for corn and
soybean growth. On Sunday, the U.S. and Iran agreed to stop fighting in the
Strait of Hormuz and resume peace talks. Meanwhile, Israel and Lebanon on
Friday settled on a framework for peace. USDA will release its weekly Export
Inspections report at 10 a.m. CDT on Monday, 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 44.51 points to 51,876.11 and the S&P 500 down 3.47
points to 7,354.02. The 10-Year Treasury yield ended at 4.372%. Early Monday,
the September Dow Jones Futures are up 166 points. European markets are mixed,
with the spot futures of London's FTSE 100 trading down 0.35%, the spot futures
of Germany's DAX trading up 0.01%, and the spot futures of France's CAC 40
Index trading down 0.44%. Asian markets are higher, with Japan's Nikkei 225
Index up 0.15% and China's Shanghai Composite Index up 1.16%.