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DTN Early Word Grains         05/04 05:57
   Grains Mostly Lower to Start the Week

   July corn was 1 cent lower, July soybeans were 5 cents higher, and July
Kansas City wheat was 4 cents lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   July corn was 1 cent lower, July soybeans were 5 cents
higher, and July Kansas City wheat was 4 cents lower.

CME Globex Recap:   As usual, soybeans were posting a gain early Monday
morning. And as usual, few are expecting the overnight rally to hold. Corn was
quietly lower on the expectation of fast planting progress reported in Monday
afternoon's report, while wheat contracts showed solid losses. Outside markets
were mostly higher despite a rally in the U.S. dollar index.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 185.54 points higher
Friday at 18,024.06. Asian markets and European markets were both mostly
higher. The overnight crude oil market was $0.25 higher at $59.40 while Brent
crude was $0.43 higher at $66.89. The June gold contract was $8.10 higher at
$1,182.60 while the U.S. dollar index was 0.252 higher at 95.549. Soybeans at
the Dalian Exchange were lower while Malaysian palm oil contracts remained
closed.
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