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DTN Early Word Grains         07/17 05:45
   Grain Markets Higher on Strong Demand and Seven-day Forecast That Turns
Drier for Much of the Corn Belt

   December corn is up 3 cents per bushel, November soybeans are up 4 1/2
cents, September KC wheat is up 5 1/2 cents, September Chicago wheat is up 2
1/2 cents and September Minneapolis wheat is up 5 1/2 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 3 cents per bushel,
November soybeans are up 4 1/2 cents, September KC wheat is up 5 1/2 cents,
September Chicago wheat is up 2 1/2 cents and September Minneapolis wheat is up
5 1/2 cents.

   CME GLOBEX RECAP: World equity markets are lower Wednesday morning, despite
U.S. markets that saw record high closes on Tuesday in both the DJIA and the
S&P 500. Tuesday's retain sales report was stronger than trade expectations,
and this suggested the consumer is still healthy. With a still strong consumer
but with labor statistics slowing, a "soft landing" seems to be a more likely
outcome in the minds of traders, and that is being reflected in U.S. stock
prices.

   OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average up 742.76 at 40,954.48 and the S&P 500 up 35.98 at 5,667.20, The
10-Year Treasury yield ended at 4.17%. Early Wednesday, the September Dow Jones
Futures are down 53 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.07%, spot futures of Germany's DAX is trading
down 0.28% and the spot futures of France's CAC 40 Index down 0.21%. Asian
markets are lower with Japan's Nikkei 225 Index down 0.43% and China's Shanghai
Composite Index down 0.45%.
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