DTN Early Word Grains         05/15 05:45
   Lack of US-China Trade Details Take Air Out of Row-Crop Markets

   July corn is down 1 1/4 cents per bushel, July soybeans are down 5 cents,
July KC wheat is down 4 3/4 cents, July Chicago wheat is down 2 1/2 cents, and
MIAX July Minneapolis wheat is down 0.0150 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is down 1 1/4 cents per bushel,
July soybeans are down 5 cents, July KC wheat is down 4 3/4 cents, July Chicago
wheat is down 2 1/2 cents, and MIAX July Minneapolis wheat is down 0.0150 cents.

   CME Globex Recap: On Thursday, July corn dropped 13 1/4 cents, July soybeans
plunged 36 1/2 cents, and July KC wheat dropped 19 1/2 cents. Corn, spring
wheat, and soybean basis were steady on Thursday, while soft red winter wheat
and hard red winter wheat basis were stronger. Because traders didn't get any
specific details on trade during the U.S.-China summit in Beijing, selling
ensued on Thursday. Corn took the hit from its oilseed brethren, collapsing.
Trump left China by saying the two leaders had made fantastic trade deals,
without providing details, the Wall Street Journal reported. On Friday, traders
will continue to watch for details emerging from the second day of meetings
between President Trump and President Xi in Beijing. After the close, the CFTC
will wrap up the week with the Commitments of Traders report, which updates
positions as of Tuesday, May 12.

   OUTSIDE MARKETS: The previous close on Thursday showed the Dow Jones
Industrial Average up 370.26 points at 50,063.46, and the S&P 500 up 56.99
points at 7,501.24. The 10-Year Treasury yield ended at 4.461%. Early Friday,
the June Dow Jones Futures are down 343 points. European markets are lower,
with spot futures of London's FTSE 100 down 1.41%, spot futures of Germany's
DAX down 1.72%, and spot futures of France's CAC 40 Index down 1.39%. Asian
markets are lower, with Japan's Nikkei 225 Index down 1.99% and China's
Shanghai Composite Index down 1.02%.