DTN Early Word Grains         04/26 06:02
   Grain Markets Slightly Lower After Strong Rebound Thursday

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

Kent Beadle, DTN Contributing Analyst

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

   CME GLOBEX RECAP: World equity markets are mixed but mostly higher as U.S.
tech company earnings reports continue to influence the broader marketplace.
After Thursday's rout in tech shares due to worries about AI spending at Meta,
Friday morning has a very different tone as Alphabet and Microsoft released
much stronger than expected earnings after the close on Thursday. The S&P 500
did manage to close well off the session's lows, as 1st quarter GDP was much
lower than anticipated at growth of only 1.6%. This could help the Fed move
toward an interest rate cut that is sooner than currently expected. Friday
morning, the PCE inflation data will be released, with year-over-year
expectations at 2.6%, up from 2.5% in March. This is the Fed's favorite
inflation indicator and obviously important to future interest rate policy.

   OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average down 375.12 at 38,085.80 and the S&P 500 down 23.21 at 5,048.42, The
10-Year Treasury yield ended at 4.71%. Early Friday, the June Dow Jones Futures
are up 58 points. European markets are higher with the spot futures of London's
FTSE 100 trading up 0.38%, spot futures of Germany's DAX is trading up 0.65%
and the spot futures of France's CAC 40 Index up 0.35%. Asian markets are
higher with Japan's Nikkei 225 Index up 0.81% and China's Shanghai Composite
Index up 1.17%.