DTN Early Word Grains         03/23 05:55
   Row-Crop Markets Shadow the Volatile Energy Markets

   May corn is up 7 1/2 cents per bushel, May soybeans are up 8 cents, May KC
wheat is up 9 cents, May Chicago wheat is up 10 cents, and MIAX May Minneapolis
wheat is up 0.0975 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is up 7 1/2 cents per bushel, May
soybeans are up 8 cents, May KC wheat is up 9 cents, May Chicago wheat is up 10
cents, and MIAX May Minneapolis wheat is up 0.0975 cents.

   CME GLOBEX RECAP: On Friday, May corn closed down 4 1/4 cents, May soybeans
fell 7 1/4 cents, and May KC wheat declined 21 cents. Corn, hard red winter
wheat, spring wheat, and soybean basis remained steady, while soft red winter
wheat basis weakened on Friday. Traders sold off ahead of the weekend as they
squared positions. The war in Iran adds uncertainty to the market reopening on
Sunday night. The soybean market dropped 64 cents last week. Fertilizer supply
concerns supported the corn market. A sell-off driven by increased rain chances
in the Plains pushed wheat lower. Crude oil surged 3.0% early Monday, with
President Trump on Saturday threatening Iran to open the Strait of Hormuz
within 48 hours, or the U.S. will "obliterate" the country's power plants. Iran
threatened to target Israel's power plants. On Monday, the USDA will release
its weekly Grain Export Inspections report at 10 a.m. CDT.

   OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial
Average down 443.96 at 45,577.47 and the S&P 500 down 100.01 at 6,506.48. The
10-Year Treasury yield ended at 4.391%. Early Monday, the June Dow Jones
Futures are down 338 points. European markets are lower, with spot futures of
London's FTSE 100 down 1.9%, spot futures of Germany's DAX down 2.13%, and spot
futures of France's CAC 40 Index down 1.96%. Asian markets are lower, with
Japan's Nikkei 225 Index down 3.48% and China's Shanghai Composite Index down
3.63%.