DTN Early Word Grains         04/22 05:44
   Crop Price Direction Led by Conflict and Weather Uncertainties

   May corn is up 2 3/4 cents per bushel, May soybeans are up 8 1/2 cents, July
KC wheat is down 3/4 cent, July Chicago wheat is up 3 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 2 3/4 cents per bushel, May
soybeans are up 8 1/2 cents, July KC wheat is down 3/4 cent, July Chicago wheat
is up 3 cents, and MIAX July Minneapolis wheat is up 0.0050 cents.

   CME Globex Recap: On Tuesday, May corn rose 1 3/4 cents, May soybeans rose
by 8 3/4 cents, and May KC wheat rose 8 1/2 cents. Soybean, corn, hard red
winter wheat, and spring wheat basis levels were steady on Tuesday, while soft
red winter wheat basis was weaker. Tuesday's row-crop markets traded on little
news. Corn and wheat prices held above chart support. Soybeans moved higher on
strength from soybean oil rallying to new highs. Energy markets rose after Iran
chose not to attend peace talks in Pakistan. President Trump on Tuesday
extended the cease-fire with Iran while maintaining the blockade of Iran's
ports until its leaders offer a unified peace proposal. The EIA will release
the weekly Petroleum Status report on Wednesday morning at 9:30 a.m. CDT,
including ethanol production for last week. Other reports for the day include
the USDA Annual Livestock Slaughter summary at 2 p.m. CDT. Traders will
continue to be in tune with developments in the Middle East and with weather
across the U.S. as spring planting advances.

   OUTSIDE MARKETS: The previous close on Tuesday showed the Dow Jones
Industrial Average down 293.18 points at 49,149.38, and the S&P 500 down 45.13
points at 7,064.01. The 10-Year Treasury yield ended at 4.292%. Early
Wednesday, the June Dow Jones Futures are up 212 points. European markets are
lower, with spot futures of London's FTSE 100 down 0.14%, spot futures of
Germany's DAX down 0.48%, and spot futures of France's CAC 40 Index down 0.55%.
Asian markets are higher, with Japan's Nikkei 225 Index up 0.4% and China's
Shanghai Composite Index up 0.52%.