DTN Early Word Grains         06/04 06:30
   Row-Crop Markets Drop Double-Digits in Week 1 of June

   July corn is down 3 3/4 cents per bushel, July soybeans are down 5 1/4
cents, July KC wheat is down 1/4 cent, July Chicago wheat is down 1/2 cent, and
MIAX July Minneapolis wheat is steady.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 3 3/4 cents per bushel,
July soybeans are down 5 1/4 cents, July KC wheat is down 1/4 cent, July
Chicago wheat is down 1/2 cent, and MIAX July Minneapolis wheat is steady.

   CME GLOBEX RECAP: On Wednesday, July corn dropped 9 cents, July soybeans
dropped 11 1/4 cents, and July KC wheat was down 10 3/4 cents. Corn, soft red
winter wheat, and hard red winter wheat basis strengthened on Wednesday, while
soybean and hard red spring wheat basis held steady. Soybean futures reached
near multi-month lows on Wednesday as traders worry less about supplies, with
mostly good weather at the start of the 2026 growing season in the U.S.
Uncertainty over a lasting agreement between the U.S. and Iran pushed crude oil
futures higher across all three sessions this week. That said, the agricultural
commodities have discarded that bullish influence. On Thursday, USDA will
release its weekly Export Sales report at 7:30 a.m. CDT, and traders will look
for demand signals following recent price declines in U.S. crops.

   OUTSIDE MARKETS: The previous close on Wednesday showed the Dow Jones
Industrial Average down 620.72 points to 50,687.07 and the S&P 500 down 56.10
points to 7,553.68. The 10-Year Treasury yield ended at 4.491%. Early Thursday,
the June Dow Jones Futures are up 236 points. European markets are mixed, with
the spot futures of London's FTSE 100 trading down 0.4%, the spot futures of
Germany's DAX trading up 0.45%, and the spot futures of France's CAC 40 Index
trading up 0.85%. Asian markets are lower, with Japan's Nikkei 225 Index down
1.36% and China's Shanghai Composite Index down 0.64%.