DTN Early Word Grains 04/30 05:48
Grain Markets Lower on Planting Progress, Heavy Deliveries in Chicago Wheat,
Soybeans, Soybean Oil

July corn is down 1 cent per bushel, July soybeans are down 1/4 cent, July
KC wheat is down 7 1/4 cents, July Chicago wheat is down 6 1/4 cents and July
Minneapolis wheat is down 4 1/2 cents.

Kent Beadle, DTN Contributing Analyst

EARLY MORNING GLOBEX NET CHANGES: July corn is down 1 cent per bushel, July
soybeans are down 1/4 cent, July KC wheat is down 7 1/4 cents, July Chicago
wheat is down 6 1/4 cents and July Minneapolis wheat is down 4 1/2 cents.

CME GLOBEX RECAP: World equity markets are mixed Tuesday morning. Monday's
U.S. session was quiet with a slightly higher close. The Federal Reserve begins
its meeting Tuesday and will wrap up Wednesday with a press conference from
Chairman Powell. Traders are waiting patiently to gage the relative hawkishness
or dovishness of Powell's comments in that press conference. But sentiment is
nearly universal that no rate changes will be made at this month's meeting.

We didn't have any new economic data Monday, but we do get several new
reports Tuesday at 7:30 a.m. CDT: Employment Cost Index, S&P Case-Shiller Home
Price Index (20 cities), the Chicago Business Barometer (PMI), and Consumer
Confidence.

OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average up 146.43 at 38,386.09 and the S&P 500 up 16.21 at 5,116.17, The
10-Year Treasury yield ended at 44.83%. Early Tuesday, the June Dow Jones
Futures are down 9 points. European markets are mixed with the spot futures of
London's FTSE 100 trading up 0.45%, spot futures of Germany's DAX is trading
down 0.49% and the spot futures of France's CAC 40 Index up 0.01%. Asian
markets are mixed with Japan's Nikkei 225 Index up 0.17% and China's Shanghai
Composite Index down 0.26%.