DTN Early Word Grains         04/17 05:47
   Row-Crop Markets on Frost Watch, Eye Weekend Peace Talk Progress

   May corn is up 1 cent per bushel, May soybeans are down 3 3/4 cents, July KC
wheat is down 1/2 cent, May Chicago wheat is down 1 1/2 cents, and MIAX July
Minneapolis wheat is up 0.0050 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is up 1 cent per bushel, May
soybeans are down 3 3/4 cents, July KC wheat is down 1/2 cent, May Chicago
wheat is down 1 1/2 cents, and MIAX July Minneapolis wheat is up 0.0050 cents.

   CME Globex Recap: On Thursday, May corn dropped 2 3/4 cents, May soybeans
declined by 3 1/4 cents, and May KC wheat rose by 17 1/4 cents. Soybean, corn,
soft red winter wheat, spring wheat, and hard red winter wheat basis levels
were steady on Thursday. The consensus among broader markets is that the worst
of the Iranian war is over. That said, the U.S. blockade of the Strait of
Hormuz continues. Additionally, no official date has been set for the
resumption of peace talks between the U.S. and Iran. Wheat traders are watching
for possible crop damage in the western Plains on Friday night/Saturday morning
due to frost. The corn market is trading on strong demand, and Thursday's
weekly export data reaffirmed that. Soybean prices have been range-bound for
nearly a month, awaiting the U.S.-China trade meeting in May. Unlike corn,
weekly soybean sales hit a marketing-year low last week. For reports on Friday,
the USDA will release the April Cattle on Feed report at 2 p.m. CDT. At 2:30
p.m. CDT, the CFTC will release the weekly Commitments of Traders report,
updating trader positions as of Tuesday, April 14.

   OUTSIDE MARKETS: The previous close on Thursday showed the Dow Jones
Industrial Average up 115.00 points at 48,578.72, and the S&P 500 up 18.33
points at 7,041.28. The 10-Year Treasury yield ended at 4.309%. Early Friday,
the June Dow Jones Futures are up 159 points. European markets are mixed: spot
futures of London's FTSE 100 are down 0.04%, spot futures of Germany's DAX are
up 0.64%, and spot futures of France's CAC 40 Index are up 0.47%. Asian markets
are lower, with Japan's Nikkei 225 Index down 1.75% and China's Shanghai
Composite Index down 0.1%.