DTN Early Word Grains         03/25 05:47
   Row-Crop Markets Eye U.S. 15-Point Peace Plan for Iran

   May corn is down 3 1/4 cents per bushel, May soybeans are up 3 1/4 cents,
May KC wheat is down 7 1/2 cents, May Chicago wheat is down 8 1/2 cents, and
MIAX May Minneapolis wheat is down 0.0475 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is down 3 1/4 cents per bushel,
May soybeans are up 3 1/4 cents, May KC wheat is down 7 1/2 cents, May Chicago
wheat is down 8 1/2 cents, and MIAX May Minneapolis wheat is down 0.0475 cents.

   CME GLOBEX RECAP: On Tuesday, May corn closed up 3 cents, May soybeans down
8 1/2 cents, and May KC wheat up 3/4 of a cent. Corn, hard red winter wheat,
and spring wheat basis were steady on Tuesday, while soybean and soft red
winter wheat basis were stronger. Traders appeared to be unwinding risk-off
trades as Iran failed to confirm it was negotiating with the U.S., as President
Trump claimed, regarding the conflict. Soybean prices diverged and went lower.
Crude oil returned to its upward path, supporting corn and wheat. Early
Wednesday, crude is softening as the U.S. is reportedly constructing a 15-point
peace plan for Iran to consider, according to multiple reports. On Wednesday,
the EIA will release the weekly Petroleum Status report at 9:30 a.m. CDT, which
will include last week's ethanol production.

   OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial
Average down 84.41 at 46,124.06 and the S&P 500 down 24.63 at 6,556.37. The
10-Year Treasury yield ended at 4.392%. Early Wednesday, the June Dow Jones
Futures are up 418 points. European markets are higher, with the spot futures
of London's FTSE 100 trading up 0.93%, spot futures of Germany's DAX are
trading up 1.66%, and the spot futures of France's CAC 40 Index are up 1.55%.
Asian markets are higher, with Japan's Nikkei 225 Index up 2.87% and China's
Shanghai Composite Index up 1.3%.