DTN Early Word Grains         02/13 05:45
   The Entire Soybean Complex Flexes Its Muscle in February

   March corn is down 3/4 cent per bushel, March soybeans are down 5 cents,
March KC wheat is down 4 3/4 cents, March Chicago wheat is down 4 1/4 cents,
and MIAX May Minneapolis wheat is down 0.0175 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is down 3/4 cent per bushel,
March soybeans are down 5 cents, March KC wheat is down 4 3/4 cents, March
Chicago wheat is down 4 1/4 cents, and MIAX May Minneapolis wheat is down
0.0175 cents.

   CME GLOBEX RECAP: On Thursday, March corn closed up 3 3/4 cents, March
soybeans closed up 13 1/4 cents, and March KC wheat closed up 15 1/2 cents.
Soybean traders continue to lead the way higher, supported by optimism ahead of
President Trump's visit to China in April. Wheat prices are underpinned by
strong export sales and technical buying. Corn traders lean on strong demand to
keep prices in the green. Soybeans, corn, soft red winter wheat, and spring
wheat were steady on Thursday, while the hard red winter wheat basis
strengthened. On Friday, the CFTC Commitments of Traders Report will update the
positions of outside investors in all three markets.

   OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average down 669.42 at 49,451.98 and the S&P 500 down 108.71 at 6,832.76. The
10-Year Treasury yield ended at 4.104%. Early Friday, the March Dow Jones
Futures are down 192 points. European markets are mixed, with the spot futures
of London's FTSE 100 trading up 0.09%, spot futures of Germany's DAX are
trading down 0.09%, and the spot futures of France's CAC 40 Index are down
0.46%. Asian markets are lower, with Japan's Nikkei 225 Index down 1.21% and
China's Shanghai Composite Index down 1.26%.