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DTN Early Word Grains         06/27 05:53
   More of the Same Monday, But Not

   December corn was 4 cents higher, November soybeans were 16 cents higher,
and July Kansas City wheat was 2 cents higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:  December corn was 4 cents higher, November soybeans were
16 cents higher, and July Kansas City wheat was 2 cents higher.

CME Globex Recap:  Global markets were still caught up in post-Brexit
volatility with a sharp rally seen by U.S. dollar index, strength in gold,
pressure on DJIA futures, and crude oil trading lower. But grains were trading
as if yields aren't made in June, with mostly blank weather maps leading to a
round of recovery buying. Soybeans led the way, with corn and wheat following
far behind.

OUTSIDE MARKETS:  The Dow Jones Industrial Average closed 610.32 points lower
at 17,400.75, the NASDAQ Composite lost 202.06 points to 4,707.98 and the S&P
500 dropped 75.91 points to close at 2,037.41 Friday. DJIA futures were 88
points lower overnight, indicating continued pressure could be seen on the big
board Monday. Asian markets recovered with Japan's Nikkei rallying 357.19
points (2.4%) while China's Shanghai Composite gained 41.42 points (1.5%).
European markets remained under pressure with London's FTSE 100 down 74.29
points (1.2%), Germany's DAX off 129.38 points (1.3%), and Frances CAC 40 down
51.98 points (1.3%). The U.S. dollar index was up 0.782 to 96.230. Crude oil
was off $0.02 to $47.62 while Brent crude gained $0.07 to $48.48. August gold
was $7.10 higher at $1,329.50. China's Dalian soybean futures were higher while
Malaysian palm oil futures were lower overnight.
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