DTN Early Word Grains         05/10 05:54
   Grain Markets Led Higher By Surge in Wheat Prices; USDA Report Later Friday
Morning

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 3 1/4 cents per bushel,
July soybeans are up 3 1/2 cents, July KC wheat is up 19 3/4 cents, July
Chicago wheat is up 17 3/4 cents and July Minneapolis wheat is up 17 3/4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 3 1/4 cents per bushel,
July soybeans are up 3 1/2 cents, July KC wheat is up 19 3/4 cents, July
Chicago wheat is up 17 3/4 cents and July Minneapolis wheat is up 17 3/4 cents.

   CME GLOBEX RECAP: World equity markets are higher this morning, as traders
once again believe interest rate cuts are coming, both here and from other
central banks around the world. With several European countries already in a
recession, rate cuts there may come sooner, which has kept the U.S. dollar
firm. But the dovish tone from Fed Chairman Powell last week has at least one
rate cut priced into futures at the present time. Thursday's initial jobless
claims were quite a bit higher than expected at 231,000, which helped equity
prices rally as it implies the slowdown in the economy could result in that
rate cut this year.

   OUTSIDE MARKETS: Previous close Thursday showed the Dow Jones Industrial
Average up 331.37 at 39,387.76 and the S&P 500 up 26.41 at 5,214.08, The
10-Year Treasury yield ended at 4.598%. Early Friday, the June Dow Jones
futures are up 115 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 0.83%, spot futures of Germany's DAX trading up
0.69% and the spot futures of France's CAC 40 Index up 0.86%. Asian markets are
higher with Japan's Nikkei 225 Index up 0.41% and China's Shanghai Composite
Index up 0.01%.