DTN Early Word Grains         08/11 05:54
   Row Crop Markets Seen Quiet Ahead of Wednesday's USDA Data

   December corn is up 3/4 cent per bushel, November soybeans are down 1 cent,
September KC wheat is up 2 cents, September Chicago wheat is up 3/4 cent, and
MIAX September Minneapolis wheat is up 0.0175 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 3/4 cent per bushel,
November soybeans are down 1 cent, September KC wheat is up 2 cents, September
Chicago wheat is up 3/4 cent, and MIAX September Minneapolis wheat is up 0.0175
cents.

   CME GLOBEX RECAP: On Monday, September corn closed 3/4 of a cent lower,
November soybeans rose 3 1/4 cents, and September KC wheat dropped 1/2 of a
cent. Soybean and soft red winter wheat basis was stronger Monday, while corn,
spring wheat, and hard red winter wheat basis was steady. Corn and soybean
markets were quiet to start the week. Favorable weather for August hangs over
the markets, capping rallies. Also, positioning ahead of Wednesday's USDA World
Agricultural Supply and Demand Estimates and Crop Production reports has
traders hesitant to move the market too far in either direction. In general,
robust production estimates are expected in Wednesday's data. For wheat,
tighter domestic and world supplies are expected. Oil prices moved higher early
Tuesday after President Trump followed up Iran's demands with a list of his
own. That signals less hope for reopening of the Strait of Hormuz. The 2026 DTN
Digital Yield Tour will continue with state results for Iowa and Minnesota.

   OUTSIDE MARKETS: The previous close on Monday showed the Dow Jones
Industrial Average down 60.95 at 53,975.98 and the S&P 500 down 4.53 at
7,753.11. The 10-Year Treasury yield ended at 4.699%. Early Tuesday, the
September Dow Jones Futures are down 55 points. European markets are lower,
with the spot futures of London's FTSE 100 trading down 0.19%, spot futures of
Germany's DAX are trading down 0.27%, and the spot futures of France's CAC 40
Index are down 0.26%. Asian markets are mixed, with Japan's Nikkei 225 Index
steady and China's Shanghai Composite Index down 0.82%.