DTN Early Word Grains         05/01 05:49
   Row-Crop Markets Enter May With $5 Corn and $12 Soybean Prices

   July corn is up 2 cents per bushel, July soybeans are up 5 1/2 cents, July
KC wheat is down 1/2 cent, July Chicago wheat is steady, and MIAX July
Minneapolis wheat is up 0.0075 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 2 cents per bushel, July
soybeans are up 5 1/2 cents, July KC wheat is down 1/2 cent, July Chicago wheat
is steady, and MIAX July Minneapolis wheat is up 0.0075 cents.

   CME Globex Recap: On Thursday, July corn declined 3 cents, July soybeans
dropped 1 1/2 cents, and July KC wheat declined 11 1/4 cents. Corn, hard red
winter, spring wheat, and soybean basis levels were stronger on Thursday, while
soft red winter wheat basis was weaker. Thursday's final trading day of the
month featured a risk-off theme, following the wheat market reaching two-year
highs early in the week. Corn absorbed the weakness from wheat. Deferred months
in the soybean market reflected traders' optimism ahead of this month's trade
summit between the U.S. and China. Crude oil jumped early on Thursday to its
highest since the start of the Middle East conflict, then softened. Friday
features a number of noteworthy reports, beginning with USDA's Commodity Costs
and Returns update at 10 a.m. CDT, the first since the beginning of the war in
the Middle East. Later in the afternoon, at 2 p.m. CDT, USDA will release its
Fats and Oils and Grain Crushings Reports, with March processing data. Finally,
at 2:30 p.m. CDT the CFTC will round out the trading week with the Commitments
of Traders report, updating positions as of Tuesday, April 28.

   OUTSIDE MARKETS: The previous close on Thursday showed the Dow Jones
Industrial Average up 790.33 points at 49,652.14, and the S&P 500 up 73.06
points at 7,209.01. The 10-Year Treasury yield ended at 4.39%. Early Friday,
the June Dow Jones Futures are up 92 points. European markets are mixed: spot
futures of London's FTSE 100 are down 0.58%, spot futures of Germany's DAX are
up 1.39%, and spot futures of France's CAC 40 Index are up 0.65%. Asian markets
are mixed, with Japan's Nikkei 225 Index up 0.38% and China's Shanghai
Composite Index steady.