DTN Early Word Grains         07/11 05:47
   Traders Place Last Minute Price Bets Ahead of USDA Reports Later Friday
Morning

   September corn is down 3/4 cents and August soybeans are up 1/4 cents.
December corn is down 1/2 cent and November soybeans are down 1/2 cent.
September KC wheat is down 3 1/4 cents, September Chicago wheat is down 2
cents, and September MIAX Minneapolis wheat is down 1/2 cents.

Rhett Montgomery
DTN Lead Analyst

   EARLY MORNING GLOBEX NET CHANGES: September corn is down 3/4 cents and
August soybeans are up 1/4 cents. December corn is down 1/2 cent and November
soybeans are down 1/2 cent. September KC wheat is down 3 1/4 cents, September
Chicago wheat is down 2 cents, and September MIAX Minneapolis wheat is down 1/2
cents.

   CME GLOBEX RECAP: Row crop prices are mixed to lower early Friday hours
ahead of the release of the July WASDE report from USDA which will be the
feature of the session to close what has been an overall poor week for price
action across markets with sharp early week losses thus far unrecovered. It
will be interesting to see how long traders choose to focus on Friday's USDA
estimates with weather and crop conditions having been the main driver of
bearish price action and forecasts through late July is still looking ideal
across much of the U.S. Grain Belt.

   OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 192.34 at 44,650.64 and the S&P 500 Index up 17.20 at 6,280.46. The
10-Year Treasury yield ended at 4.35%. Early Friday, September Dow Jones
futures are down 315 points. European markets are mixed to lower with the spot
futures of the London FTSE 100 trading down 0.65%, spot futures of Germany's
DAX trading down 1.16% and spot futures of France's CAC Index trading up 0.30%.
Asian markets are mixed with Japan's Nikkei 225 index down 0.19% and China's
Shanghai Composite Index up 0.01%.