DTN Early Word Grains         07/02 05:58
   Row-Crop Traders Set to Position Ahead of a Long Holiday Weekend

   December corn is up 1 1/4 cents per bushel, November soybeans are up 5
cents, September KC wheat is up 2 1/4 cents, September Chicago wheat is up 2
3/4 cents, and MIAX September Minneapolis wheat is up 0.0100 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 1/4 cents per
bushel, November soybeans are up 5 cents, September KC wheat is up 2 1/4 cents,
September Chicago wheat is up 2 3/4 cents, and MIAX September Minneapolis wheat
is up 0.0100 cents.

   CME GLOBEX RECAP: On Wednesday, September corn rose 6 cents, November
soybeans rose 5 cents, and September KC wheat rose 10 cents. Corn, soybean,
hard red winter, mild red winter, and spring wheat basis were stronger on
Thursday. Wheat futures benefited from the long tail of the bullish USDA report
on Tuesday, estimating the 2026 wheat acreage even lower than in May. Corn
prices followed wheat. Soybeans bounced off lower price action earlier this
week. Traders are still optimistic about China's soybean demand. Upside
movement may be limited by favorable crop weather expected for the Midwest in
the first half of the month. For the final trading day of the holiday-shortened
week, the Bureau of Labor Statistics will release the June Employment report at
7:30 a.m. CDT. In the afternoon, USDA will release the weekly Livestock
Slaughter report at 2 p.m.

   OUTSIDE MARKETS: The previous close on Wednesday showed the Dow Jones
Industrial Average down 13.96 at 52,305.24 and the S&P 500 down 16.13 at
7,483.23. The 10-Year Treasury yield ended at 4.475%. Early Thursday, the
September Dow Jones Futures are up 26 points. European markets are higher, with
the spot futures of London's FTSE 100 trading up 0.4%, spot futures of
Germany's DAX are trading up 0.45%, and the spot futures of France's CAC 40
Index up 0.74%. Asian markets are lower, with Japan's Nikkei 225 Index down
2.47% and China's Shanghai Composite Index down 2.03%.