DTN Early Word Grains         05/06 06:30
   Grains Lower Monday Morning, Primarily on Good Rains in HRW Wheat Belt

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 2 1/4 cents per bushel,
July soybeans are down 6 1/2 cents, July KC wheat is down 19 cents, July
Chicago wheat is down 10 3/4 cents and July Minneapolis wheat is down 13 1/2
cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 2 1/4 cents per bushel,
July soybeans are down 6 1/2 cents, July KC wheat is down 19 cents, July
Chicago wheat is down 10 3/4 cents and July Minneapolis wheat is down 13 1/2
cents.

   CME GLOBEX RECAP: World equity markets are beginning the week mostly higher
after a strong U.S. market Friday that was supported by a jobs report that had
lower-than-expected employment gains in the U.S. The report showed a gain of
175,000 jobs compared to the expectation of 240,000, and unemployment rose to
3.9%. This report, combined with last week's dovish comments from Fed Chairman
Powell, had traders more confident that a rate cut could still occur sometime
this year.

   The market data coming at us this week is very light, with consumer credit
on Tuesday, wholesale inventories on Wednesday, Initial jobless claims on
Thursday, and consumer sentiment on Friday. There will be several speeches from
members of the Fed, which will be watched closely.

   OUTSIDE MARKETS: Previous close Friday showed the Dow Jones Industrial
Average up 450.02 at 38,675.68 and the S&P 500 up 63.59 at 5,127.79, The
10-Year Treasury yield ended at 4.58%. Early Monday, the June Dow Jones Futures
are up 90 points. European markets are mixed with the spot futures of London's
FTSE 100 steady, spot futures of Germany's DAX trading up 0.84%, and the spot
futures of France's CAC 40 Index up 0.76%. Asian markets are mixed with Japan's
Nikkei 225 Index steady and China's Shanghai Composite Index up 1.16%.