DTN Early Word Grains         05/21 05:54
   Grain Markets Lower Tuesday Morning on Faster Than Expected Planting Progress

   July corn is down 4 1/2 cents per bushel, July soybeans are down 11 1/2
cents, July KC wheat is down 3 3/4 cents, July Chicago wheat is down 3 cents
and July Minneapolis wheat is down 2 1/2 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 4 1/2 cents per bushel,
July soybeans are down 11 1/2 cents, July KC wheat is down 3 3/4 cents, July
Chicago wheat is down 3 cents and July Minneapolis wheat is down 2 1/2 cents.

   CME GLOBEX RECAP: World equity markets are mostly lower Tuesday morning,
correcting some recent strength which has included new lifetime highs in the
S&P 500 and the Dow Jones Industrial Average. Traders continue to watch for
clues to future interest rate movement. There is no new economic data released
Tuesday, but a number of members of the Federal Reserve will be speaking.

   OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average down 196.82 at 39,806.77 and the S&P 500 up 4.86 at 5,308.13, The
10-Year Treasury yield ended at 4.560%. Early Tuesday, the June Dow Jones
Futures are up 4 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.43%, spot futures of Germany's DAX is trading
down 0.5% and the spot futures of France's CAC 40 Index down 0.8%. Asian
markets are lower with Japan's Nikkei 225 Index down 0.31% and China's Shanghai
Composite Index down 0.42%.