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DTN Early Word Grains         06/12 05:50
   Corn, Soybeans Higher on Hot Extended Forecasts Ahead of Wednesday's USDA
Report

   July corn is up 3 1/4 cents per bushel, July soybeans are up 6 cents, July
KC wheat is down 9 cents, July Chicago wheat is down 7 3/4 cents and September
Minneapolis wheat is down 5 3/4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 3 1/4 cents per bushel,
July soybeans are up 6 cents, July KC wheat is down 9 cents, July Chicago wheat
is down 7 3/4 cents and September Minneapolis wheat is down 5 3/4 cents.

   CME GLOBEX RECAP: World equity markets are mixed on Wednesday ahead of two
very important U.S. events. First, the CPI data will be released at 7:30
Wednesday morning which could influence the Federal Reserve's future decisions
for the timing of the 1st interest rate cut. The second event is the release of
the decision of the Federal Reserve, along with a new "dot-plot" that will
provide a new road map for the potential timing of future interest rate cuts.
Along with that release will come a press conference by Chairman Powell, the
tone of which will be watched closely for clues about future interest rate
policy. Traders are not expecting any interest rate changes Wednesday, and
instead are going to be focused on the dot-plot and the Chairman's comments.

   OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average down 120.62 at 38,747.42 and the S&P 500 up 14.53 at 5,375.32, The
10-Year Treasury yield ended at 4.40%. Early Wednesday, the June Dow Jones
Futures are up 31 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 0.73%, spot futures of Germany's DAX is trading up
0.48% and the spot futures of France's CAC 40 Index up 0.35%. Asian markets are
mixed with Japan's Nikkei 225 Index down 0.66% and China's Shanghai Composite
Index up 0.31%.
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