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DTN Early Word Grains         05/13 05:56
   Grain Markets Lower as Traders Evaluate Potential Planting Windows

   July corn is down 2 1/4 cents per bushel, July soybeans are down 4 cents,
July KC wheat is down 3 3/4 cents, July Chicago wheat is down 1 1/2 cents and
July Minneapolis wheat is down 1 1/2 cents.

Kent Beadle, DTN Contributing Analyst

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

   CME GLOBEX RECAP: World equity markets are mixed Monday morning, with the
U.S. markets higher overnight. Last week was a quiet week of trade, as U.S.
economic data was light, and many different members of the Federal Reserve
spoke. Their opinions represented a broad range of views on future interest
rate direction, and that left traders uncertain about the timing of the 1st
interest rate cut.

   After a very light week of economic data, this week is very busy. There are
no major reports on Monday, but the Producer Price Index (PPI) and core PPI
data will be released on Tuesday. Wednesday is very busy with the Consumer
Price Index (CPI), core CPI, Retail Sales, the Empire State Manufacturing
Survey, and the Home Builder confidence index. Thursday is initial jobless
claims, Housing Starts, Building Permits, Industrial production, and Capacity
Utilization. Finally, on Friday we get the U.S. leading economic indicators. In
Agriculture, we will get export inspections on Monday, NOPA crush numbers and
weekly ethanol production on Wednesday, and export sales on Thursday.

   OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 125.08 at 39,512.84 and the S&P 500 up 8.60 at 5,222.68, The 10-Year
Treasury yield ended at 4.688%. Early Monday, the June Dow Jones Futures are up
13 points. European markets are mixed with the spot futures of London's FTSE
100 trading down 0.02%, spot futures of Germany's DAX is trading down 0.14% and
the spot futures of France's CAC 40 Index up 0.01%. Asian markets are lower
with Japan's Nikkei 225 Index down 0.13% and China's Shanghai Composite Index
down 0.21%.