DTN Early Word Grains         05/08 05:52
   Grain Markets Higher on Reports First Trade Deal Will be Announced Thursday
Morning

   July corn is up 1/4 cent per bushel, July soybeans are up 5 1/2 cents, July
KC wheat is up 4 1/2 cents, July Chicago wheat is up 4 cents and July
Minneapolis wheat is up 4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 1/4 cent per bushel, July
soybeans are up 5 1/2 cents, July KC wheat is up 4 1/2 cents, July Chicago
wheat is up 4 cents and July Minneapolis wheat is up 4 cents.

   CME GLOBEX RECAP: World equity markets are higher, as both the UK and the
U.S. have indicated that there will be an announcement Thursday morning
regarding a new trade deal between the two countries. This is the first of what
is hoped to be many new trade announcements over the next weeks, and traders
will be looking closely at the details of the agreement to see what it might
mean for future agreements with other trading partners. Traders are also
reacting to Wednesday's Fed announcement where Chairman Powell announced that
interest rates would remain unchanged. He indicated that there was heightened
uncertainty due to the new administration's policy changes (including tariffs),
that could be both inflationary and recessionary. Stocks were choppy in the
aftermath of the decision but recovered to close slightly higher. Futures are
higher Thursday morning in anticipation of the announcement of the trade deal.

   OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average up 284.97 at 41,113.97 and the S&P 500 up 24.37 at 5,631.28. The
10-Year Treasury yield ended at 4.275%. Early Thursday, the June Dow Jones
Futures are up 346 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 0.58%, spot futures of Germany's DAX are trading
up 1.15% and the spot futures of France's CAC 40 Index up 1.16%. Asian markets
are lower with Japan's Nikkei 225 Index is steady and China's Shanghai
Composite Index down 0.79%.