DTN Early Word Grains         08/07 05:50
   Without a Bounce, Soybeans and Wheat Face Weekly Losses

   December corn is up 3 1/2 cents per bushel, November soybeans are up 5 1/4
cents, September KC wheat is up 5 3/4 cents, September Chicago wheat is up 5
1/4 cents, and MIAX September Minneapolis wheat is up 0.0275 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 3 1/2 cents per
bushel, November soybeans are up 5 1/4 cents, September KC wheat is up 5 3/4
cents, September Chicago wheat is up 5 1/4 cents, and MIAX September
Minneapolis wheat is up 0.0275 cents.

   CME GLOBEX RECAP: On Thursday, September corn dropped 5 1/2 cents, November
soybeans dropped 3 cents, and September KC wheat rose 6 1/2 cents. Corn and
spring wheat basis was stronger, while soybean and hard red winter wheat basis
was steady Thursday, and soft red winter wheat basis was weaker. Thursday's
trade was quiet for corn and soybeans. Weekly export sales were underwhelming
which pressured upside momentum. The crop weather is bearish, private analysts'
crop estimates are too, and the market awaits what could be bearish-leaning
data in next week's USDA WASDE Reports. The bullishness in the market lies with
crop production concerns in Europe and the uncertainty of the war in the Middle
East and the Black Sea. On Friday, the Labor Department releases its latest
jobs report, with economists expecting 83,000 jobs added in July. The CFTC will
release its Commitments of Traders Report at 2:30 p.m. CDT.

   OUTSIDE MARKETS: The previous close on Thursday showed the Dow Jones
Industrial Average down 464.02 at 53,885.10 and the S&P 500 down 13.59 at
7,709.96. The 10-Year Treasury yield ended at 4.67%. Early Friday, the
September Dow Jones Futures are up 15 points. European markets are higher, with
the spot futures of London's FTSE 100 trading up 0.41%, spot futures of
Germany's DAX are trading up 0.62%, and the spot futures of France's CAC 40
Index are up 0.32%. Asian markets are mixed, with Japan's Nikkei 225 Index down
0.12% and China's Shanghai Composite Index up 1.02%.