DTN Early Word Grains         04/28 05:49
   Wheat Prices Jump Nearly 30 Cents on Poor Wheat Condition Ratings

   July corn is up 3 1/4 cents per bushel, July soybeans are down 2 1/4 cents,
July KC wheat is up 20 3/4 cents, July Chicago wheat is up 13 1/4 cents, and
MIAX July Minneapolis wheat is up 0.0950 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 3 1/4 cents per bushel,
July soybeans are down 2 1/4 cents, July KC wheat is up 20 3/4 cents, July
Chicago wheat is up 13 1/4 cents, and MIAX July Minneapolis wheat is up 0.0950
cents.

   CME Globex Recap: On Monday, July corn rose 5 34 cents, July soybeans rose
13 1/2 cents, and May KC wheat rose 8 1/4 cents. Corn, spring wheat, and
soybean basis levels were stronger on Monday, while hard red winter wheat and
soft red winter wheat basis were stronger. Wheat was up 20 cents overnight,
adding to Monday's gains, showing that traders are building in crop conditions
risk premiums into the market this week. Corn is benefiting from the wheat
rally. Soybean prices moved higher, supported by soybean oil and soybean meal.
Anticipation builds for next month's U.S.-China trade summit. U.S. leaders say
Iran's latest offer to stop attacks on ships in the Strait of Hormuz in return
for an end to the conflict is sketchy. Under the deal, nuclear talks would be
put on hold. Crude oil rose 2.5% on Tuesday amid ongoing supply disruptions in
the Middle East.

   OUTSIDE MARKETS: The previous close on Monday showed the Dow Jones
Industrial Average down 62.92 points at 49,167.79, and the S&P 500 up 8.83
points at 7,173.91. The 10-Year Treasury yield ended at 4.336%. Early Tuesday,
the June Dow Jones Futures are up 125 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 0.11%, and the spot futures of France's CAC 40
Index are up 0.3%. Asian markets are lower, with Japan's Nikkei 225 Index down
1.02% and China's Shanghai Composite Index down 0.19%.