DTN Early Word Grains         05/07 05:52
   Grain Markets Lower Tuesday Morning, Primarily on Good Rains in the HRW
Wheat Belt

   July corn is down 1 3/4 cents per bushel, July soybeans are down 6 1/2
cents, July KC wheat is down 11 1/4 cents, July Chicago wheat is down 6 cents
and July Minneapolis wheat is down 4 3/4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 1 3/4 cents per bushel,
July soybeans are down 6 1/2 cents, July KC wheat is down 11 1/4 cents, July
Chicago wheat is down 6 cents and July Minneapolis wheat is down 4 3/4 cents.

   CME GLOBEX RECAP: World equity markets are mostly higher again Tuesday
morning, after a strong session on Monday that continues to focus on last
week's Federal Reserve comments that leaned more dovish than traders expected.
Corporate earnings that have skewed mostly better than expected have helped
equities rally in the face of ongoing high interest rates. There was no new
data on Monday, but we will get a read on consumer credit Tuesday morning.

   OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average up 176.59 at 38,852.27 and the S&P 500 up 52.95 at 5,180.74, The
10-Year Treasury yield ended at 4.673%. Early Tuesday, the June Dow Jones
Futures are up 64 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 1.08%, spot futures of Germany's DAX is trading up
0.74% and the spot futures of France's CAC 40 Index up 0.4%. Asian markets are
mixed with Japan's Nikkei 225 Index down 0.01% and China's Shanghai Composite
Index up 0.22%.