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DTN Early Word Grains         07/13 05:55
   Wheat Tries Second Day Higher

   December corn was down 2 3/4 cents, November soybeans were down 7 1/2 cents,
and September Kansas City (HRW) wheat was up 5 1/4 cents.

By Todd Hultman
DTN Analyst

6:00 a.m. CME Globex:   December corn was down 2 3/4 cents, November soybeans
were down 7 1/2 cents, and September Kansas City (HRW) wheat was up 5 1/4
cents.

CME Globex Recap:   Global stock markets are starting mostly higher Friday
while commodities are mostly lower with a quiet news day expected to end the
week. In grains, row crops are modestly lower while wheat contracts are
starting a second day higher, encouraged by Thursday's lower crop estimates
from USDA.

OUTSIDE MARKETS:   Previous closes on Thursday showed the Dow Jones Industrial
Average up 224.44 points at 24,924.89 and the S&P 500 up 24.27 points at
2,798.29 while the 10-year Treasury yield ended at 2.85%. Early Friday, DJIA
futures were down 12 points. Asian markets are mostly higher with Japan's
Nikkei 225 up 409.39 points (1.8%) and China's Shanghai Composite down 6.47
(-0.2%). European markets are a little higher with London's FTSE 100 up 34.84
points (0.5%), Germany's DAX up 16.59 points (0.1%), and France's CAC 40 up
14.86 points (0.3%). The euro was down .0043 and the U.S. dollar index was up
0.30 at 95.12. September 30-year T-Bonds were up 10/32nds while August gold was
down $4.90 at $1,241.70 and August crude oil was down $0.37 at $69.96. Soybeans
on China's Dalian Exchange were lower and Malaysian palm oil futures were down
1.2%.
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