DTN Early Word Grains         07/06 05:42
   Row-Crop Markets Stage Rally to Recover from June's Correction

   December corn is up 13 1/2 cents per bushel, November soybeans are up 33 1/2
cents, September KC wheat is up 8 3/4 cents, September Chicago wheat is up 9
1/4 cents, and MIAX September Minneapolis wheat is up 0.0575 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 13 1/2 cents per
bushel, November soybeans are up 33 1/2 cents, September KC wheat is up 8 3/4
cents, September Chicago wheat is up 9 1/4 cents, and MIAX September
Minneapolis wheat is up 0.0575 cents.

   CME GLOBEX RECAP: On Thursday, September corn rose 1/4 of a cent, November
soybeans dropped 1 1/2 cents, and September KC wheat rose 3 1/2 cents. Corn
basis was stronger Thursday, while soybean, hard red winter, mild red winter,
and spring wheat basis were steady. Low-volume trading on Thursday signaled
that many traders took an early exit for the long holiday weekend. Upside
potential remained threatened by favorable crop weather, despite a brief heat
dome at the start of the month. Early weather models show below-normal
temperatures throughout July, with below-normal rainfall in the Midwest.
Weather models disagree on whether a heat dome will set up over the Midwest in
mid-July. OPEC's decision to hike oil production has the market trading lower
early Monday. Back from the long weekend, USDA will release its usual Export
Inspections report at 10 a.m. CDT. In the afternoon, CFTC will release the
delayed Commitments of Traders report at 2:30 a.m. CDT, updating positions as
of last Tuesday. At 3 p.m. CDT, USDA will release the weekly Crop Progress
report, which will give a glimpse into crop conditions in the U.S. ahead of a
critical month of weather for corn development.

   OUTSIDE MARKETS: The previous close on Thursday showed the Dow Jones
Industrial Average up 594.83 points to 52,900.07 and the S&P 500 up 0.01 point
to 7,483.24. The 10-Year Treasury yield ended at 4.485%. Early Monday, the
September Dow Jones Futures are up 15 points. European markets are higher, with
the spot futures of London's FTSE 100 trading up 0.05%, spot futures of
Germany's DAX are trading up 0.12%, and the spot futures of France's CAC 40
Index are up 0.15%. Asian markets are lower, with Japan's Nikkei 225 Index down
0.01% and China's Shanghai Composite Index down 0.06%.