DTN Early Word Grains         06/10 05:52
   Traders Look Ahead to USDA's WASDE Report on Thursday

   July corn is up 3 1/2 cents per bushel, July soybeans are up 4 3/4 cents,
July KC wheat is up 8 1/4 cents, July Chicago wheat is up 10 cents, and MIAX
September Minneapolis wheat is up 0.0975 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 3 1/2 cents per bushel,
July soybeans are up 4 3/4 cents, July KC wheat is up 8 1/4 cents, July Chicago
wheat is up 10 cents, and MIAX September Minneapolis wheat is up 0.0975 cents.

   CME GLOBEX RECAP: On Tuesday, July corn rose 1 1/4 cents, July soybeans
dropped 5 3/4 cents, and July KC wheat was up 3 1/4 cents. Soybean, soft red
winter wheat, corn, and hard red winter wheat basis were stronger on Tuesday,
while spring wheat basis was steady. Corn and wheat prices saw some relief from
the recent selloff, with bullishness still hard to find. Soybean prices fell
for an eighth straight session on Tuesday. On Wednesday, traders will position
their portfolios ahead of Thursday's USDA WASDE Report for June. The trade
expects production estimates to remain higher, with ending-stock estimates
slightly lower than in May. The outside markets on Wednesday will digest a U.S.
strike on Iran in response to a downed helicopter. On Wednesday, the Bureau of
Labor Statistics will release the May Consumer Price Index report at 7:30 a.m.
CDT, giving traders and investors an updated look at inflation in the U.S.
economy. Later on, at 9:30 a.m. CDT, the Energy Information Administration will
release the weekly Petroleum Status report, including last week's ethanol
production.

   OUTSIDE MARKETS: The previous close on Tuesday showed the Dow Jones
Industrial Average up 86.10 at 50,872.11 and the S&P 500 down 19.08 at
7,386.65. The 10-Year Treasury yield ended at 4.528%. Early Wednesday, the June
Dow Jones Futures are down 358 points. European markets are lower, with the
spot futures of London's FTSE 100 trading down 0.68%, the spot futures of
Germany's DAX trading down 0.76%, and the spot futures of France's CAC 40 Index
trading down 0.34%. Asian markets are lower, with Japan's Nikkei 225 Index down
1.89% and China's Shanghai Composite Index down 0.42%.