DTN Early Word Grains         06/15 05:46
   Row-Crop Markets, Oil Sink Amid U.S.-Iran Peace Deal

   July corn is down 4 3/4 cents per bushel, July soybeans are down 3 3/4
cents, July KC wheat is down 9 1/4 cents, July Chicago wheat is down 9 3/4
cents, and MIAX September Minneapolis wheat is down 0.0550 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 4 3/4 cents per bushel,
July soybeans are down 3 3/4 cents, July KC wheat is down 9 1/4 cents, July
Chicago wheat is down 9 3/4 cents, and MIAX September Minneapolis wheat is down
0.0550 cents.

   CME GLOBEX RECAP: On Friday, July corn rose 1 cent, July soybeans dropped 1
1/2 cents, and July KC wheat was down 1/4 of a cent. Soybean, mild red winter,
corn, and spring wheat basis were steady on Friday, while hard red winter wheat
basis was stronger. The markets traded mostly lower on Friday, with the soybean
market pressured in part by bearish energy influences amid reports that a
U.S.-Iran agreement is on the horizon. The deal, reportedly to be signed on
Friday, includes an end to the U.S. blockade of Iran and Iran's reopening of
the Strait of Hormuz. Beyond any Middle Eastern deal, the farm markets are
under the thumb of a friendly crop season underway. Additionally, this week's
weather remains friendly for corn and soybean crops. Monday's prices reflect
the bearish fundamentals surrounding the markets. USDA will release the weekly
Export Inspections report at 10 a.m. CDT. At 2 p.m. CDT, USDA will release
monthly commodity outlooks for oilseeds, wheat, and feed, with follow-up
details from last week's WASDE. Finally, at 3 p.m. CDT, USDA will release the
weekly Crop Progress report, updating traders on conditions around the U.S.

   OUTSIDE MARKETS: The previous close on Friday showed the Dow Jones
Industrial Average up 353.51 points to 51,202.26 and the S&P 500 up 37.16
points to 7,431.46. The 10-Year Treasury yield ended at 4.487%. Early Monday,
the June Dow Jones Futures are up 415 points. European markets are higher, with
the spot futures of London's FTSE 100 trading up 0.27%, spot futures of
Germany's DAX are trading up 1.33%, and the spot futures of France's CAC 40
Index are up 1.1%. Asian markets are higher, with Japan's Nikkei 225 Index up
4.99% and China's Shanghai Composite Index up 1.61%.