DTN Early Word Grains         08/10 07:03
   Row Crops Face Fresh Data, Bearish Weather and Geopolitical Tension

   December corn is up 1 3/4 cents per bushel, November soybeans are up 7 1/2
cents, September KC wheat is up 12 3/4 cents, September Chicago wheat is up 9
1/2 cents, and MIAX September Minneapolis wheat is up 0.0675 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 3/4 cents per
bushel, November soybeans are up 7 1/2 cents, September KC wheat is up 12 3/4
cents, September Chicago wheat is up 9 1/2 cents, and MIAX September
Minneapolis wheat is up 0.0675 cents.

   CME GLOBEX RECAP: On Friday, September corn closed unchanged, November
soybeans dropped 1 1/2 cents, and September KC wheat rose 14 1/2 cents. Soybean
basis was stronger, while corn, spring wheat, and hard red winter wheat basis
was steady Friday, and soft red winter wheat basis was weaker. Friday's market
highlighted stronger wheat prices as the market alternates between higher and
lower closes in the past seven sessions. For corn and soybeans, traders remain
uncomfortable moving the markets higher with favorable crop weather signaling
stronger yield potential. Analysts expect this week's USDA World Agricultural
Supply and Demand Estimates (WASDE) and Crop Production reports to show
elevated production estimates and at least robust U.S. corn ending stocks.
Crude oil is higher early Monday, with heightened tension in the Middle East.
Iran on Saturday laid out numerous demands of the U.S. before it would allow
free-flowing traffic in the Strait of Hormuz. For instance, Iran wants billions
of dollars in U.S. payments, the removal of American troops from the region and
an end to the U.S. naval blockade, the Wall Street Journal reported. President
Trump said he'll let economic pressure on Iran build rather than launch fresh
strikes.

   OUTSIDE MARKETS: The previous close on Friday showed the Dow Jones
Industrial Average up 151.83 at 54,036.93 and the S&P 500 up 47.68 at 7,757.64.
The 10-Year Treasury yield ended at 4.66%. Early Monday, the September Dow
Jones Futures are down 41 points. European markets are mixed, with the spot
futures of London's FTSE 100 trading down 0.35%, spot futures of Germany's DAX
are trading up 0.11%, and the spot futures of France's CAC 40 Index are down
0.13%. Asian markets are higher, with Japan's Nikkei 225 Index up 2.08% and
China's Shanghai Composite Index up 0.67%.