DTN Early Word Grains         04/14 05:52
   Demand and U.S. Planting Scenario Prop Up the Corn Market

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

Mike McGinnis
DTN Contributing Analyst

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

   CME Globex Recap: On Monday, May corn fell 3/4 of a cent, May soybeans
dropped 13 3/4 cents, and May KC wheat rose by 12 1/2 cents. Corn, soybean, and
hard red winter wheat basis levels were stronger on Monday, while soft red
winter wheat basis was weaker, and hard red spring wheat basis was unchanged.
Wheat rose on continued dry conditions for the U.S. crop and increased
fertilizer supply concerns. Corn's losses were limited by the escalation of the
Middle East conflict that is underpinning energy markets. The double-digit drop
in soybeans was backed by increased concerns that the U.S. blockade of the
Strait of Hormuz might have on the U.S. trade meeting with China in May. Weekly
export inspections showed steady to strong bookings for corn and soybeans, and
weaker bookings for wheat.

   OUTSIDE MARKETS: The previous close on Monday showed the Dow Jones
Industrial Average up 301.68 points at 48,218.25, and the S&P 500 up 69.35
points at 6,886.24. The 10-Year Treasury yield ended at 4.297%. Early Tuesday,
the June Dow Jones Futures are up 34 points. European markets are higher, with
the spot futures of London's FTSE 100 trading up 0.14%, spot futures of
Germany's DAX are trading up 0.92%, and the spot futures of France's CAC 40
Index are up 0.57%. Asian markets are higher, with Japan's Nikkei 225 Index up
2.43% and China's Shanghai Composite Index up 0.95%.