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DTN Early Word Grains         05/05 05:57
   Crop Progress Pushes Grains Lower

   July corn was 3 cents lower, July soybeans were fractionally lower, and July
Kansas City wheat was 4 cents lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   July corn was 3 cents lower, July soybeans were
fractionally lower, and July Kansas City wheat was 4 cents lower.

CME Globex Recap:   Monday's weekly NASS Crop Progress report was viewed as
bearish for corn and wheat, leading to increased pressure overnight into
Tuesday morning. Old-crop soybeans were higher on solid demand, while the
new-crop market slipped lower. Outside markets were mostly higher led by the
energy complex. The U.S. dollar index was higher once again, ignoring last
week's bearish technical signals.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 46.34 points higher
Monday at 18,070.40. Asian markets were mixed with the Nikkei up 11.62 points
at 19,531.63. European markets were mostly higher. The overnight crude oil
market was $0.54 higher at $59.47 while Brent crude was $0.47 higher at $66.92.
The June gold contract was $0.10 lower at $1,186.70 while the U.S. dollar index
was 0.185 higher at 95.665. Soybeans at the Dalian Exchange were mixed while
Malaysian palm oil contracts were higher.
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