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DTN Early Word Grains         06/16 05:55
   Grain Weakness Continues Amid Forecast

   July corn is down 1 3/4 cents per bushel, July soybeans are down 15 cents,
and July KC wheat is down 2 1/2 cents.

Tregg Cronin
DTN Contributing Analyst

   Pre-6 a.m. Globex Prices: July corn is down 1 3/4 cents per bushel, July
soybeans are down 15 cents, and July KC wheat is down 2 1/2 cents.

   CME Globex Recap: Mixed to weaker equity markets overnight with U.S. futures
slightly lower Wednesday morning. The conclusion of the two-day FOMC meeting is
the big event on the docket today. It was reported yesterday the White House
has indicated bipartisan infrastructure talks should only take 7-10 days which
could mean passage or failure in the House of Representatives by the Fourth of
July. Energy markets are mixed with crude firmer but products weaker. The U.S.
Dollar Index is slightly weaker, remaining below its 50-day moving average.
Precious metals are firmer overnight. Grain markets are mostly weaker
overnight, led by the soy complex and especially soybean oil after stable to
higher trade at the overnight open was ceded. Grain markets are firmly inside a
weather market, making volatility a certainty the next couple weeks.

   OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial
Average down 94.42 at 34,299.33 and the S&P 500 down 8.56 at 4,255.15 while the
10-Year Treasury yield ended at 1.499%. Early Wednesday, the June DJIA futures
are down 74 points. Asian markets are lower with Japan's Nikkei 225 down 150.29
(-0.51%) and China's Shanghai Composite down 38.23 points (-1.07%). European
markets are mixed with London's FTSE 100 up 8.08 points (0.11%), Germany's DAX
down 36.08 points (-0.23%) and France's CAC 40 up 3.1 points (0.05%). The
September Euro is down 0.000 at 1.210 and the September U.S. dollar index is
down 0.037 at 90.465.  The September 30-Year T-Bond is up 1/32nds, while August
gold is up $3.70 at $1,860.10 and July crude oil is up $0.11 at $72.23.
Soybeans on China's Dalian Exchange were down -0.76% while soybean meal was
down -0.21% and corn was down -0.37%. Malaysian palm oil settled down -4.61%.
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