DTN Early Word Grains         09/03 07:59
   Row-Crop Markets Face Profit-taking Pressure in Early September

   December corn is down 14 cents per bushel, November soybeans are down 14 1/2
cents, December KC wheat is down 27 cents, December Chicago wheat is down 30
1/4 cents, and MIAX December Minneapolis wheat is down 0.2375 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is down 14 cents per bushel,
November soybeans are down 14 1/2 cents, December KC wheat is down 27 cents,
December Chicago wheat is down 30 1/4 cents, and MIAX December Minneapolis
wheat is down 0.2375 cents.

   CME GLOBEX RECAP: On Wednesday, December corn dropped 2 1/2 cents, November
soybeans were 7 1/2 cents lower, and December KC wheat dropped 11 cents. Corn
basis was stronger, and soft red winter wheat and spring wheat basis was steady
Wednesday, while hard red winter wheat and soybean basis was weaker.
Profit-taking occurred on Wednesday for most of the session. Due to overbought
sentiment, traders may keep pushing that button. Soybeans tried to make a
comeback after coming off morning lows, but the effort fell short at the end of
the session. On Thursday, USDA will release its weekly Export Sales report at
7:30 a.m. CDT. At the same time, the U.S. Census Bureau will release the U.S.
Trade Balance for July. Otherwise, traders will continue to monitor weather
over the final stretch of the U.S. growing season, as well as the ongoing
conflicts in the Black Sea and Middle East.

   OUTSIDE MARKETS: The previous close on Wednesday showed the Dow Jones
Industrial Average up 295.07 points to 53,061.95 and the S&P 500 up 35.13
points to 7,666.60. The 10-Year Treasury yield ended at 4.796%. Early Thursday,
the September Dow Jones Futures are up 64 points. European markets are mixed,
with the spot futures of London's FTSE 100 trading up 0.04%, the spot futures
of Germany's DAX trading down 0.12%, and the spot futures of France's CAC 40
Index trading down 0.34%. Asian markets are mixed, with Japan's Nikkei 225
Index down 0.17% and China's Shanghai Composite Index up 0.02%.