DTN Early Word Grains         02/24 05:49
   Corn, Soybean, and Wheat Markets Seek Bullish News

   March corn is steady, May soybeans are down 5 1/4 cents, May KC wheat is
down 5 1/2 cents, May Chicago wheat is down 1 1/4 cents, and MIAX May
Minneapolis wheat is down 0.0125 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is steady, May soybeans are
down 5 1/4 cents, May KC wheat is down 5 1/2 cents, May Chicago wheat is down 1
1/4 cents, and MIAX May Minneapolis wheat is down 0.0125 cents.

   CME GLOBEX RECAP: On Monday, March corn closed unchanged, March soybeans
closed down 3 1/4 cents, and March KC wheat closed down 12 1/4 cents. Corn and
soybean basis were steady, while spring wheat and hard red winter wheat basis
strengthened, and soft red winter wheat basis weakened. The session started
higher but weakened as the day progressed, with a lack of fresh bullish news.
Bearish macroeconomic news also weighed on commodities. USDA's Export
Inspections data showed higher-than-expected corn and wheat bookings and weaker
soybean inspections. No scheduled market impact reports are set for Tuesday.
President Trump's new 10% tariff on most countries goes into effect Tuesday.
The levy will be in place for 150 days. It excludes goods compliant with the
USMCA trade pact.

   OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average down 821.91 at 48,804.06 and the S&P 500 down 71.76 at 6,837.75. The
10-Year Treasury yield ended at 4.029%. Early Tuesday, the March Dow Jones
Futures are up 54 points. European markets are lower, with the spot futures of
London's FTSE 100 trading down 0.28%, spot futures of Germany's DAX are trading
down 0.1%, and the spot futures of France's CAC 40 Index are up 0.03%. Asian
markets are higher, with Japan's Nikkei 225 Index up 0.87% and China's Shanghai
Composite Index up 0.87%.