DTN Early Word Grains         07/16 05:52
   Row Crops Quietly Higher in Follow-Up to Mid-Week Jump

   September corn is up 1 3/4 cents and August soybeans are up 4 cents.
September KC wheat is up 2 1/4 cents, September Chicago wheat is up 6 1/2
cents, and September MIAX Minneapolis wheat is up 1 1/2 cents.

Rhett Montgomery
DTN Lead Analyst

   EARLY MORNING GLOBEX NET CHANGES: September corn is up 1 3/4 cents and
August soybeans are up 4 cents. September KC wheat is up 2 1/4 cents, September
Chicago wheat is up 6 1/2 cents, and September MIAX Minneapolis wheat is up 1
1/2 cents.

   CME GLOBEX RECAP: On Wednesday, September corn closed up 9 cents on
Wednesday to $4.47 1/2, August soybeans were up 9 1/2 cents to $12.02 1/4, and
September Kansas City wheat surged 42 cents to close at $7.20. Wheat led row
crop futures in a mid-week charge on Wednesday, erupting on concerns over the
accessibility of Black Sea wheat supplies to world buyers. Meanwhile, corn and
soybeans continue to work higher on what remains to be supportive weather in
the U.S. as well as in Europe, and were also heavily influenced by wheat's
drastic rise through Wednesday's trade. For Thursday, the same themes are
likely to be at play again, with futures posting modest gains through overnight
trade. Outside markets have also leaned bullish on Ag commodities through the
week, with the U.S. Dollar Index falling following Tuesday's CPI report. Energy
markets in the meantime have been well supported this week by the renewed
conflict in the Middle East as well as the latest escalation in the Black Sea
war. For reports on Thursday, USDA's export sales release at 7:30 a.m. CDT will
lead off the day session.

   OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average up 150.37 at 52,658.64 and the S&P 500 Index up 28.81 at 7,572.40. The
10-Year Treasury yield ended at 4.55%. Early Thursday, September Dow Jones
futures are up 112 points. European markets are lower with the spot futures of
the London FTSE 100 trading down 0.32%, spot futures of Germany's DAX trading
down 0.71% and spot futures of France's CAC Index trading up 0.16%. Asian
markets are lower as well with Japan's Nikkei 225 index down 2.79% and China's
Shanghai Composite Index down 1.85%.