DTN Early Word Grains         07/03 05:47
   Grain Market Short Covering Continues Ahead of Holiday Break

   September corn is up 5 1/4 cents and August soybeans are up 6 1/4 cents.
September KC wheat is up 2 cents, September Chicago wheat is up 3/4 cents, and
September MIAX Minneapolis wheat is up 6 cents.

Rhett Montgomery
DTN Lead Analyst

   EARLY MORNING GLOBEX NET CHANGES: September corn is up 5 1/4 cents and
August soybeans are up 6 1/4 cents. September KC wheat is up 2 cents, September
Chicago wheat is up 3/4 cents, and September MIAX Minneapolis wheat is up 6
cents.

   CME GLOBEX RECAP: Thus far early Thursday, row crop markets are building off
a strong Wednesday session which saw all three major markets trade to double
digit gains. A combination of trade optimism following the announcement of a
U.S. trade deal with Vietnam, as well as technical support drove prices higher
and continue to do so ahead of the long weekend. For Thursday, USDA will kick
things off at 7:30 a.m. CDT with the weekly export sales report. In macro
markets, it will also be a busy morning with June jobs data on tap, meanwhile
investors and traders alike will be watching closely as the 2025 budget,
spending, and tax bill is expected to be voted on in the House early Thursday
morning.

   OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average down 10.52 at 44,484.42 and the S&P 500 Index up 29.41 at 6,227.42. The
10-Year Treasury yield ended at 4.29%. Early Thursday, September Dow Jones
futures are up 17 points. European markets are higher with the spot futures of
the London FTSE 100 trading up 0.26%, spot futures of Germany's DAX trading up
0.11% and spot futures of France's CAC Index trading up 0.99%. Asian markets
are higher with Japan's Nikkei 225 index up 0.06% and China's Shanghai
Composite Index up 0.18%.