DTN Early Word Grains         06/08 05:50
   Little Price Relief in Sight from Favorable Crop Weather

   July corn is steady, July soybeans are down 1 1/4 cents, July KC wheat is up
8 3/4 cents, July Chicago wheat is up 3 1/2 cents, and MIAX July Minneapolis
wheat is up 0.0325 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is steady, July soybeans are
down 1 1/4 cents, July KC wheat is up 8 3/4 cents, July Chicago wheat is up 3
1/2 cents, and MIAX July Minneapolis wheat is up 0.0325 cents.

   CME GLOBEX RECAP: On Friday, July corn dropped 7 cents, July soybeans
dropped 8 cents, and July KC wheat was up 1/2 of a cent. Soybean, soft red
winter wheat, corn, and hard red winter wheat basis were stronger on Friday,
while hard red spring wheat held steady. Midwest crops are set up to receive
rain for the next two weeks. That helps early growth progress, while putting
continued pressure on prices. It's clear that the friendly crop-growth weather
is causing the corn, soybean, and wheat markets to grind lower. That pressure
doesn't go away in the two-week weather outlook. The big story late Friday was
the funds cutting their net long corn futures positions by 102,060 as of June
2. On Monday, the USDA will release its Weekly Export Inspections Report at
10:00 am CDT. USDA's Crop Progress Report will be released at 3:00 pm CDT.

   OUTSIDE MARKETS: The previous close on Friday showed the Dow Jones
Industrial Average down 695.15 at 50,866.78 and the S&P 500 down 200.57 at
7,383.74. The 10-Year Treasury yield ended at 4.536%. Early Monday, the June
Dow Jones Futures are down 71 points. European markets are lower, with the spot
futures of London's FTSE 100 trading down 0.17%, the spot futures of Germany's
DAX trading down 0.63%, and the spot futures of France's CAC 40 Index trading
down 0.43%. Asian markets are lower, with Japan's Nikkei 225 Index down 3.85%
and China's Shanghai Composite Index down 1.