DTN Early Word Grains         06/16 05:45
   Strong Crop Ratings, Middle East Peace Deal Pressure Row-Crop Prices

   July corn is down 2 1/4 cents per bushel, July soybeans are down 9 1/4
cents, July KC wheat is down 8 3/4 cents, July Chicago wheat is down 1 1/4
cents, and MIAX September Minneapolis wheat is down 0.0300 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 2 1/4 cents per bushel,
July soybeans are down 9 1/4 cents, July KC wheat is down 8 3/4 cents, July
Chicago wheat is down 1 1/4 cents, and MIAX September Minneapolis wheat is down
0.0300 cents.

   CME GLOBEX RECAP: On Monday, July corn rose 2 3/4 cents, July soybeans rose
5 3/4 cents, and July KC wheat rose 5 1/2 cents. Soybean basis unchanged, while
corn, spring wheat, and hard red winter wheat basis were stronger Monday, and
soft red winter basis was weaker. The row-crop markets closed higher on Monday,
with the soybean market finding buyers following pressure from the U.S.-Iran
peace agreement. Initially, the peace deal pushed the row-crop markets lower,
along with energy markets. New weather outlooks show generally favorable crop
growing conditions well into July for the Corn Belt. That bearish fundamental
will be hard for traders to ignore. Analysts see Friday's Cattle-on-Feed Report
showing 102.3% of cattle in feedyards as of June 1, up from a year ago.

   OUTSIDE MARKETS: The previous close on Monday showed the Dow Jones
Industrial Average up 468.77 at 51,671.03 and the S&P 500 up 122.83 at
7,554.29. The 10-Year Treasury yield ended at 4.469%. Early Tuesday, the June
Dow Jones Futures are up 61 points. European markets are higher, with the spot
futures of London's FTSE 100 trading up 0.62%, spot futures of Germany's DAX
are trading up 0.63%, and the spot futures of France's CAC 40 Index are up
0.73%. Asian markets are mixed, with Japan's Nikkei 225 Index up 0.13% and
China's Shanghai Composite Index down 0.11%.