DTN Early Word Grains         05/15 05:49
   Grain Markets Higher Wednesday Morning as New Forecasts Suggest Continued
Slow Planting Progress in Many Areas

   July corn is up 1 3/4 cents per bushel, July soybeans are up 5 1/2 cents,
July KC wheat is up 4 1/4 cents, July Chicago wheat is up 4 1/4 cents and July
Minneapolis wheat is up 6 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 1 3/4 cents per bushel,
July soybeans are up 5 1/2 cents, July KC wheat is up 4 1/4 cents, July Chicago
wheat is up 4 1/4 cents and July Minneapolis wheat is up 6 cents.

   CME GLOBEX RECAP: World equity markets are mixed morning, with the U.S.
markets quietly higher once again. On Tuesday, markets broke initially on the
PPI data which was definitely "hotter" than traders were anticipating. However,
the market recovered and ultimately closed the day a little higher. Wednesday
traders will get to see the CPI data, which is expected to be unchanged to up
slightly from the April numbers. The price action seems to indicate that the
higher-than-expected inflation numbers are priced into the marketplace.

   OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average up 126.60 at 39,558.11 and the S&P 500 up 25.26 at 5,246.68, The
10-Year Treasury yield ended at 4.69%. Early Wednesday, the June Dow Jones
Futures are up 15 points. European markets are mixed with the spot futures of
London's FTSE 100 trading up 0.17%, spot futures of Germany's DAX is trading up
0.38% and the spot futures of France's CAC 40 Index down 0.16%. Asian markets
are mixed with Japan's Nikkei 225 Index up 0.08% and China's Shanghai Composite
Index down 0.82%.