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DTN Early Word Grains         07/07 06:00
   Higher Corn Rating, U.S. Dollar Send Grains Lower

   December corn is down 3 1/2 cents, November soybeans are down 5 1/2 cents,
and September Chicago wheat is down 6 3/4 cents.

By Todd Hultman
DTN Analyst

6:00 a.m. CME Globex:   December corn is down 3 1/2 cents, November soybeans
are down 5 1/2 cents, and September Chicago wheat is down 6 3/4 cents.

CME Globex Recap:   All three grains are lower early after USDA slightly
increased its crop rating for corn late Monday. Grains are also feeling bearish
pressure from the U.S. Dollar trading near its highest level in five weeks.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed down 46.53 points
Monday at 17,683.58. The overnight session has Dow Jones futures up 44 points
early on Tuesday indicating higher prices for U.S. stocks later Tuesday
morning. Asian markets are higher with the Nikkei up 90 points at 20,415.
European markets are lower. The overnight crude oil market is up $.59 at $53.12
while Brent crude is up $.81 at $57.35. The August gold contract is down $7.50
at $1,165.70 while the U.S. dollar index is up .57 at 96.87. Malaysian palm oil
contracts were lower. Soybeans at the Dalian were lower.
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