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DTN Early Word Grains         06/01 05:55
   Grains Mixed on Weather, China

   July corn is down 1/2 cent per bushel, July soybeans are up 3/4 of a cent,
and July KC wheat is down 6 1/4 cents.

Tregg Cronin
DTN Contributing Analyst

   Pre-6 a.m. Globex Prices: July corn is down 1/2 cent per bushel, July
soybeans are up 3/4 of a cent, and July KC wheat is down 6 1/4 cents.

   CME Globex Recap: Global equity markets are mostly higher overnight although
U.S. futures are pointed to a lower open. Asian and European indices are
rallying as fears of major retaliation from President Trump toward Hong Kong
seem to largely be dying down. In addition, despite major protests bordering on
full-blown riots across many U.S. cities this weekend, investors clearly view
support from the Federal Reserve as paramount to anything else. Energy markets
are weaker but maintaining a steady uptrend in crude oil with the spot contract
trying to push above its 100-day moving average. Precious metals are mixed with
gold slightly lower while silver is up 1.03% and trading at the highest level
overnight since September 5. Grains are mixed overnight with corn and wheat
mostly lower while the soy complex is posting gains after two-sided trading in
soybeans. The focus in ag markets is chiefly on weather which looks quite
favorable for row crops but dry for major wheat producers in the Northern
Hemisphere. Traders were also fearful of a further deterioration in relations
between the U.S. and China related to the Hong Kong security law but the focus
in the U.S. is likely to be internal moving forward.

   OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial
Average down 17.53 at 25,383.11 and the S&P 500 up 14.58 at 3,029.73 while the
10-Year Treasury yield ended at 0.648%. Early Monday, the June DJIA futures are
down 27 points. Asian markets are higher with Japan's Nikkei 225 up 184.5
(0.84%) and China's Shanghai Composite up 63.08 points (2.21%). European
markets are mixed with London's FTSE 100 up 59.61 points (0.98%), Germany's DAX
down 194.28 points (-1.65%) and France's CAC 40 up 57.05 points (1.22%). The
June Euro is up 0.002 at 1.110 and the June U.S. dollar index is down 0.321 at
98.020. The September 30-Year T-Bond is down 17/32nds, while August gold is
down $2.70 at $1,749.00 and July crude oil is down $0.18 at $35.31. Soybeans on
China's Dalian Exchange were up 0.55% while soybean meal was up 0.18%.
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