DTN Early Word Grains         03/13 05:54
   Row-Crop Markets Feel More Push Than Pull of the War in Iran

   May corn is down 1/4 cent per bushel, May soybeans are down 10 1/2 cents,
May KC wheat is down 2 cents, May Chicago wheat is down 1/2 cent, and MIAX May
Minneapolis wheat is up 0.0350 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is down 1/4 cent per bushel, May
soybeans are down 10 1/2 cents, May KC wheat is down 2 cents, May Chicago wheat
is down 1/2 cent, and MIAX May Minneapolis wheat is up 0.0350 cents.

   CME GLOBEX RECAP: On Thursday, May corn closed up 2 1/4 cents, May soybeans
rose by 13 1/4 cents, and May KC wheat closed unchanged. Corn basis was
stronger, while soybean, soft red winter wheat, and hard red winter wheat basis
were steady on Thursday, and spring wheat basis was weaker. A bullish driver
for Thursday was a report that Cargill will halt soybean exports from Brazil
amid stricter inspection processes at the port, a move requested by China. It
will be something worth watching for soybean traders for the next few weeks
during trade discussions between the U.S. and China. Any quality issues could
open the door for higher-than-normal trade from the U.S. through the typically
Brazil-dominated period of March onward. Additionally, prices were supported by
higher energy markets with no end in sight for the war in Iran.

   OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average down 739.42 at 46,677.85 and the S&P 500 down 103.18 at 6,672.62. The
10-Year Treasury yield ended at 4.273%. Early Friday, the March Dow Jones
Futures are up 50 points. European markets are lower, with spot futures of
London's FTSE 100 down 0.26%, spot futures of Germany's DAX down 0.42%, and the
spot futures of France's CAC 40 Index are down 0.62%. Asian markets are lower,
with Japan's Nikkei 225 Index down 1.16% and China's Shanghai Composite Index
down 0.81%.