DTN Early Word Grains         03/20 05:48
   Grain Markets Mixed as Corn Found Support While Wheat Corrects Recent Gains

   May corn is up 1 1/2 cents per bushel, May soybeans are down 3 1/4 cents,
May KC wheat is down 3 1/4 cents, May Chicago wheat is down 2 3/4 cents and May
Minneapolis wheat is down 3/4 cent.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is up 1 1/2 cents per bushel, May
soybeans are down 3 1/4 cents, May KC wheat is down 3 1/4 cents, May Chicago
wheat is down 2 3/4 cents and May Minneapolis wheat is down 3/4 cent.

   CME GLOBEX RECAP: World equity markets are mixed to lower Thursday morning
after U.S. markets rebounded on Wednesday in the aftermath of the Federal
Reserve's decision to leave interest rates unchanged while saying that futures
rate cuts are still on the table. Federal Reserve Chairman Powell indicated
that the current "pause" in interest rate cuts is being driven by data, but
that should inflation move lower, or labor markets soften, more interest rate
cuts would be in store.

   OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average up 383.32 at 41,964.63 and the S&P 500 up 60.63 at 5,675.29. The
10-Year Treasury yield ended at 4.256%. Early Thursday, the March Dow Jones
Futures are down 10 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.17%, spot futures of Germany's DAX is trading
down 1.12% and the spot futures of France's CAC 40 Index down 0.71%. Asian
markets are mixed with Japan's Nikkei 225 Index is steady and China's Shanghai
Composite Index down 0.51%.