DTN Early Word Grains         07/15 05:51
   Another Round of Strong USDA Ratings Puts Pressure on Crops to Start Tuesday

   September corn is down 3 cents and August soybeans are down 3 3/4 cents.
December corn is down 3 cents and November soybeans are down 3 1/4 cents.
September KC wheat is down 1 3/4 cents, September Chicago wheat is down 2 1/2
cents, and September MIAX Minneapolis wheat is up 1 1/4 cents.

Rhett Montgomery
DTN Lead Analyst

   EARLY MORNING GLOBEX NET CHANGES: September corn is down 3 cents and August
soybeans are down 3 3/4 cents. December corn is down 3 cents and November
soybeans are down 3 1/4 cents. September KC wheat is down 1 3/4 cents,
September Chicago wheat is down 2 1/2 cents, and September MIAX Minneapolis
wheat is up 1 1/4 cents.

   CME GLOBEX RECAP: Markets are slightly lower early Tuesday following a
back-and-forth Monday trade which ended with mixed results across the board.
Corn futures posted an impressive bullish reversal, gaining momentum into the
close. Bargain buyers were also active at times for soy and wheat markets but
selling pressure at daily highs sent prices lower by the close in both markets.
Meanwhile, outside markets were mixed as stock indices were able to start the
week with modest gains as for now investors are displaying a willingness to
wait and see the result of the new August 1 tariff deadline, with the extension
from July 9 likely offering investors optimism that the cutoff is mostly for
negotiation purposes. Meanwhile, energy markets were weak on Monday after
President Trump announced a 50-day window for Russia to end the war with
Ukraine before a 100% "secondary" tariff sets in, essentially tariffs on Russia
directly as well as sanctions against countries who trade with Russia, likely
primarily in for crude oil.

   OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average up 88.14 at 44,459.65 and the S&P 500 Index up 8.81 at 6,268.56. The
10-Year Treasury yield ended at 4.43%. Early Tuesday, September Dow Jones
futures are up 27 points. European markets are mixed to lower with the spot
futures of the London FTSE 100 trading down 0.00%, spot futures of Germany's
DAX trading up 0.23% and spot futures of France's CAC Index trading down 0.27%.
Asian markets are mixed with Japan's Nikkei 225 index up 0.55% and China's
Shanghai Composite Index down 0.42%.