DTN Early Word Grains         05/01 05:48
   Grain Markets Mixed Ahead of This Week's Export Sales Report

   July corn is up 2 1/2 cents per bushel, July soybeans are down 4 3/4 cents,
July KC wheat is up 3 1/4 cents, July Chicago wheat is up 2 1/2 cents and July
Minneapolis wheat is down 1 1/4 cents.

Kent Beadle, DTN Contributing Analyst

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

   CME GLOBEX RECAP: World equity markets are higher after U.S. markets once
again rallied late after trading lower for much of the session on Wednesday.
The PCE inflation figures were good with March levels unchanged and
year-to-date PCE up 2.3%. GDP in the 1st quarter was down 0.3%, a weaker number
than expected. ADP employment was also lower than expected, with only 62,000
private sector new jobs. Thursday morning, we will get the weekly jobless
claims, the ISM manufacturing index, construction spending and auto sales.

   OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average up 141.74 at 40,669.36 and the S&P 500 up 8.23 at 5,569.06. The 10-Year
Treasury yield ended at 4.177%. Early Thursday, the June Dow Jones Futures are
up 345 points. European markets are higher with the spot futures of London's
FTSE 100 trading up 0.3%, spot futures of Germany's DAX are trading up 0.02%
and the spot futures of France's CAC 40 Index up 0.48%. Asian markets are
higher with Japan's Nikkei 225 Index up 1.13% and China's Shanghai Composite
Index is steady.