DTN Early Word Grains         06/24 05:46
   Grain and Soy Markets Slide on Weather Despite Fall in Conditions; Crude Oil
Plunges

   July corn is down 3/4 cent per bushel, July soybeans are down 1 cent,
September KC wheat is down 6 cents, September Chicago wheat is down 6 1/4 cents
and September Minneapolis wheat is down 2 1/2 cents.

Dana Mantini
Senior Market Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 3/4 cent per bushel,
July soybeans are down 1 cent, September KC wheat is down 6 cents, September
Chicago wheat is down 6 1/4 cents and September Minneapolis wheat is down 2 1/2
cents.

   CME GLOBEX RECAP: Grain and soy markets, with the lone exception being
soymeal, are modestly lower overnight, extending losses for a third consecutive
day. News that the Trump administration had secured a preliminary agreement for
a cease fire from both Iran and Israel was the surprising news on Monday. Early
Tuesday, Israel indicated that Iran had already broken the agreement. The final
outcome is yet to be seen, but it has allowed markets to return focus to mostly
favorable growing weather. Although traders had expected better crop ratings
this week, corn, winter and spring wheat conditions actually slipped a bit last
week. However, with a mostly warm and wet forecast into the last half of July
early pollination concerns have seemed to slip away. Demand for U.S. exports is
slipping as both Argentina and Brazil forge ahead with their corn harvest and
China takes the lion's share of soy imports from Brazil.

   OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average up 374.96 at 42,581.78 and the S&P 500 up 57.33 at 6,025.17. The
10-Year Treasury yield ended at 4.32%. Early Tuesday, the September Dow Jones
Futures are up 293 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 0.27%, spot futures of Germany's DAX is trading up
1.88% and the spot futures of France's CAC 40 Index up 1.25%. Asian markets are
also higher with Japan's Nikkei 225 Index up 1.14% and China's Shanghai
Composite Index up 1.15%.