DTN Early Word Grains         07/28 05:50
   Row-Crop Markets Look to Recapture Some Steep Losses

   December corn is up 2 1/2 cents per bushel, November soybeans are down 4 3/4
cents, September KC wheat is up 1/2 cent, September Chicago wheat is down 2 1/4
cents, and MIAX September Minneapolis wheat is down 0.0350 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 2 1/2 cents per
bushel, November soybeans are down 4 3/4 cents, September KC wheat is up 1/2
cent, September Chicago wheat is down 2 1/4 cents, and MIAX September
Minneapolis wheat is down 0.0350 cents.

   CME GLOBEX RECAP: On Monday, September corn dropped 12 1/2 cents, November
soybeans dropped 39 3/4 cents, and September KC wheat dropped 16 1/4 cents. The
heavy downward pressure on the row-crop markets on Monday had a lot to do with
the easing of tension between the U.S. and Iran, as the U.S. paused major
attacks. That sent energy markets diving; soybean and corn prices followed.
That move lower inspired increased liquidation. It's widely known that the corn
and soybean markets have been in an overbought position for some time. It was
only a matter of time before profit-taking kicked in. Tuesday features no major
reports due for release. Traders will remain focused on U.S. growing season
weather, while also watching for updates in the U.S.-Iran war, with the weekend
pause in fighting sparking significant risk-off trade across markets to begin
the week.

   OUTSIDE MARKETS: The previous close on Monday showed the Dow Jones
Industrial Average up 262.83 at 52,210.08 and the S&P 500 up 1.20 at 7,413.18.
The 10-Year Treasury yield ended at 4.641%. Early Tuesday, the September Dow
Jones Futures are up 145 points. European markets are higher, with the spot
futures of London's FTSE 100 trading up 0.39%, spot futures of Germany's DAX
are trading up 0.33%, and Asian markets are lower, with Japan's Nikkei 225
Index down 3.95% and China's Shanghai Composite Index down 1.16%.