DTN Early Word Grains         06/01 05:54
   Row-Crop Markets Face Favorable Crop Weather to Start June

   July corn is down 3/4 cent per bushel, July soybeans are up 5 1/4 cents,
July KC wheat is up 6 cents, July Chicago wheat is up 4 cents, and MIAX July
Minneapolis wheat is up 0.0125 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 3/4 cent per bushel,
July soybeans are up 5 1/4 cents, July KC wheat is up 6 cents, July Chicago
wheat is up 4 cents, and MIAX July Minneapolis wheat is up 0.0125 cents.

   CME GLOBEX RECAP: On Friday, July corn dropped 9 cents, July soybeans
dropped 7 3/4 cents, and July KC wheat was down 15 1/2 cents. Soybean, hard red
winter wheat, spring wheat, and soft red winter wheat basis were steady on
Friday, while corn basis was stronger. As the calendar turns to June, growing
weather for corn and soybeans in the Midwest becomes a major fundamental for
the row-crop markets. For the most part, the crops survived the planting season
with few issues. The weather outlook for June is generally favorable through
the middle of the month. Soybean bulls want to see some specific sales to China
to back up a recent trade deal. Crushing margins for corn and soybean
processors remain strong, boosting domestic demand. Hanging over the farm
markets is the uncertainty of a peace deal between the U.S. and Iran. President
Trump said over the weekend that the U.S. was "close to a very good deal," but
a return to fighting can't be ruled out. To begin the month of June, USDA will
release its usual Monday Export Inspections report at 10 a.m. CDT. In the
afternoon, the USDA will release its monthly Grain and Oilseeds crushing
reports, both at 2 p.m. CDT. Finally, the weekly Crop Progress report will be
released at 3 p.m. CDT and will include an update on planting progress and a
first look at national corn crop ratings.

   OUTSIDE MARKETS: The previous close on Friday showed the Dow Jones
Industrial Average up 363.49 points to 51,032.46 and the S&P 500 up 16.43
points to 7,580.06. The 10-Year Treasury yield ended at 4.453%. Early Monday,
the June Dow Jones Futures are up 206 points. European markets are mixed, with
the spot futures of London's FTSE 100 trading down 0.42%, the spot futures of
Germany's DAX trading up 0.08%, and the spot futures of France's CAC 40 Index
trading up 0.18%. Asian markets are mixed, with Japan's Nikkei 225 Index up
0.91% and China's Shanghai Composite Index down 0.27%.