DTN Early Word Grains         01/21 05:46
   Grain Markets Higher on Early Disappointing Brazilian Yield Reports,
Tightening World Balance Sheets

   March corn is up 2 1/2 cents per bushel, March soybeans are up 16 3/4 cents,
March KC wheat is up 7 cents, March Chicago wheat is up 8 1/4 cents and March
Minneapolis wheat is up 6 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 2 1/2 cents per bushel,
March soybeans are up 16 3/4 cents, March KC wheat is up 7 cents, March Chicago
wheat is up 8 1/4 cents and March Minneapolis wheat is up 6 cents.

   CME GLOBEX RECAP: World equity markets are mixed as traders try and assess
the initial actions from the Trump administration while keeping an eye on
market data that will influence actions from the Federal Reserve. U.S. markets
are stronger to begin the week, as most of executive orders from the new
President were anticipated, and there were no orders that impacted tariffs.
Tariffs remained a part of President Trump's rhetoric during Monday's various
speeches, but world leaders breathed a sigh of relief that there may be time
for negotiation to try and influence the ultimate outcome.

   New data to be released this week include U.S. leading economic indicators
on Wednesday, initial jobless claims on Thursday, with existing home sales,
consumer sentiment, and the S&P flash PMI's on Friday. In agriculture, regular
reports will be delayed a day due to Monday's holiday. Additionally, on Friday
we will get the monthly cold storage report and monthly cattle on feed report.

   OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 334.70 at 43,487.83 and the S&P 500 up 59.32 at 5,996.66. The
10-Year Treasury yield ended at 4.609%. Early Tuesday, the March Dow Jones
Futures are up 137 points. European markets are mixed with the spot futures of
London's FTSE 100 trading down 0.01%, spot futures of Germany's DAX is trading
down 0.15% and the French CAC is up 0.11%. Asian markets are mixed with Japan's
Nikkei 225 Index up 0.32% and China's Shanghai Composite Index down 0.05%.