DTN Early Word Grains         05/07 05:47
   Grain Markets Higher on Announcement of Trade Talks between U.S., China

   July corn is up 7 cents per bushel, July soybeans are up 12 3/4 cents, July
KC wheat is up 5 1/4 cents, July Chicago wheat is up 7 cents and July
Minneapolis wheat is up 4 1/4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 7 cents per bushel, July
soybeans are up 12 3/4 cents, July KC wheat is up 5 1/4 cents, July Chicago
wheat is up 7 cents and July Minneapolis wheat is up 4 1/4 cents.

   CME GLOBEX RECAP: World equity markets are mixed, with the U.S. markets now
trading higher after the announcement of the beginning of a trade negotiation
this weekend between the U.S. and China. Treasury Secretary Bessent suggested
that the first item to be discussed is a "de-escalation" which traders believe
could mean a reduction in tariffs that could result in a resumption of trade
between the two countries. Tuesday's major data release was the March U.S.
trade deficit, which was 140.5 billion dollars, higher than trade expectations.
This implies companies moving quickly to get goods imported before tariffs went
into effect.

   OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average down 389.83 at 40,829.0 and the S&P 500 down 43.47 at 5,606.91. The
10-Year Treasury yield ended at 4.308%. Early Wednesday, the June Dow Jones
Futures are up 240 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.24%, spot futures of Germany's DAX are trading
down 0.02% and the spot futures of France's CAC 40 Index down 0.38%. Asian
markets are mixed with Japan's Nikkei 225 Index is steady and China's Shanghai
Composite Index up 0.85%.