DTN Early Word Grains         07/10 05:50
   Row-Crop Markets End the Week with USDA's Monthly Data Dump

   December corn is down 3 3/4 cents per bushel, November soybeans are down 8
3/4 cents, September KC wheat is down 6 cents, September Chicago wheat is down
5 3/4 cents, and MIAX September Minneapolis wheat is down 0.0200 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 3 3/4 cents per
bushel, November soybeans are down 8 3/4 cents, September KC wheat is down 6
cents, September Chicago wheat is down 5 3/4 cents, and MIAX September
Minneapolis wheat is down 0.0200 cents.

   CME GLOBEX RECAP: On Thursday, September corn dropped 3 1/2 cents, November
soybeans dropped 10 3/4 cents, and September KC wheat rose 9 cents. Soybean,
soft red winter wheat, hard red winter wheat, and hard red spring wheat basis
strengthened on Thursday, while corn basis weakened. Traders pushed corn and
soybean markets lower on Thursday, due to unimpressive weekly export sales.
Additionally, positioning occurred ahead of Friday's USDA monthly data dump,
which could show a building of supplies. Wheat traders expect bullish domestic
and global changes in the report. Friday's session will center around the 11
a.m. CDT release of the July WASDE and Crop Production reports from USDA. After
the close, the CFTC will release the weekly Commitments of Traders report at
2:30 p.m. CDT.

   OUTSIDE MARKETS: The previous close on Thursday showed the Dow Jones
Industrial Average up 139.02 points to 52,487.41 and the S&P 500 up 60.93
points to 7,543.64. The 10-Year Treasury yield ended at 4.539%. Early Friday,
the September Dow Jones Futures are up 75 points. European markets are mixed,
with the spot futures of London's FTSE 100 trading up 0.14%, the spot futures
of Germany's DAX trading down 0.03%, and the spot futures of France's CAC 40
Index trading up 0.08%. Asian markets are mixed, with Japan's Nikkei 225 Index
up 1.2% and China's Shanghai Composite Index down 1%.