DTN Early Word Grains         04/29 05:45
   Grain Markets Mixed Monday Morning With Wheat Finding Some Profit Taking

   July corn is steady, July soybeans are up 5 cents, July KC wheat is down 1/4
cent, July Chicago wheat is down 9 1/2 cents and July Minneapolis wheat is up
1/2 cent.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is steady, July soybeans are up
5 cents, July KC wheat is down 1/4 cent, July Chicago wheat is down 9 1/2 cents
and July Minneapolis wheat is up 1/2 cent.

   CME GLOBEX RECAP: World equity markets mixed but mostly higher as U.S.
markets are seeing some overnight follow-through from a strong close this past
Friday. The PCE data on Friday was a little hotter than anticipated with the
year over year number of 2.7% about 0.1% higher than expected. However, strong
corporate earnings provided a cushion to the interest rate sentiment. Futures
markets are now only predicting one rate cut this year, but equity traders seem
to be OK with the higher for longer view of the Fed. The Fed will have their
May meeting on Wednesday and the trade is universal in its belief that no rate
changes will be made.

   This is an active week for new economic data. There is no new data on Monday
but on Tuesday, we get the Employment Cost Index, S&P Case-Shiller Home Price
Index (20 cities), Chicago Business Barometer (PMI), and Consumer Confidence.
On Wednesday we get the ADP employment report, Construction Spending, ISM
Manufacturing, Job Openings, and Auto Sales. Thursday brings Initial jobless
claims, the U.S. trade deficit, U.S. productivity, U.S. unit-labor costs, and
factory orders. On Friday we get the important U.S. employment report.

   OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 153.86 at 38,239.66 and the S&P 500 up 51.54 at 5,099.96, The
10-Year Treasury yield ended at 44.98%. Early Monday, the June Dow Jones
Futures are up 40 points. European markets are mixed/higher/lower with the spot
futures of London's FTSE 100 trading up 0.51%, spot futures of Germany's DAX is
trading down 0.14% and the spot futures of France's CAC 40 Index up 0.11%.
Asian markets are mixed/higher/lower with Japan's Nikkei 225 Index up 0.81% and
China's Shanghai Composite Index up 0.79%.