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DTN Early Word Grains         05/22 05:59
   Wheat Presses Higher Early Friday

   6:00 AM CME Globex: July corn is up 1 3/4 cents, July soybeans are up 1/4
cent, and July Chicago wheat is up 6 cents.

By Todd Hultman
DTN Analyst

6:00 a.m. CME Globex:  July corn is up 1 3/4 cents, July soybeans are up 1/4
cent, and July Chicago wheat is up 6 cents.

CME Globex Recap:  All three grains are higher early Friday with wheat leading
the way on concerns about too much rain in the Southern Plains. Trading in
wheat could get volatile on Friday with traders reluctant to carry positions
into the three-day weekend.

OUTSIDE MARKETS:  The Dow Jones Industrial Average closed .34 points higher
Thursday at 18,285.74. The overnight session has the Dow Jones futures up 7
points early on Friday indicating slightly higher prices for U.S. stocks later
Friday morning. Asian markets are higher with the Nikkei up 15 points at
20,280. European markets are lower. The overnight crude oil market is down $.29
at $60.43 while Brent crude is $.49 lower at $66.05. The June gold contract is
$9.00 higher at $1,213.10 while the U.S. dollar index is down .33 at 94.92.
Malaysian palm oil contracts were lower. Soybeans at the Dalian were higher.
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