DTN Early Word Grains         03/19 05:54
   A Red-Hot Energy Market Fuels Row-Crop Markets

   May corn is up 4 cents per bushel, May soybeans are up 5 cents, May KC wheat
is up 4 1/2 cents, May Chicago wheat is up 6 1/4 cents, and MIAX May
Minneapolis wheat is up 0.0825 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is up 4 cents per bushel, May
soybeans are up 5 cents, May KC wheat is up 4 1/2 cents, May Chicago wheat is
up 6 1/4 cents, and MIAX May Minneapolis wheat is up 0.0825 cents.

   CME GLOBEX RECAP: On Wednesday, May corn closed up 9 1/4 cents, May soybeans
up 4 3/4 cents, and May KC wheat up 19 1/4 cents. Corn, hard red winter wheat,
soybeans, spring wheat, and soft red winter wheat basis remained steady on
Wednesday. Wheat led the gains due to support from a widespread drought in hard
red wheat regions. Additionally, the energy market, soaring sharply amid the
war in Iran, is supporting the commodities markets. Upside movement in the
soybean market is limited by the delay in the U.S.-China trade summit. Corn
demand stays supportive, along with early estimates of 3-4 million fewer corn
acres for the March Planting Intentions Report on March 31. USDA will release
its weekly Export Sales report at 7:30 a.m. Central.

   OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones
Industrial Average down 768.11 at 46,225.15 and the S&P 500 down 91.39 at
6,624.70. The 10-Year Treasury yield ended at 4.259%. Early Thursday, the June
Dow Jones Futures are up 4 points. European markets are lower, with spot
futures of London's FTSE 100 down 1.45%, spot futures of Germany's DAX down
2.22%, and spot futures of France's CAC 40 Index down 1.46%. Asian markets are
lower, with Japan's Nikkei 225 Index down 3.38% and China's Shanghai Composite
Index down 1.39%.