DTN Early Word Grains         03/31 05:41
   Row-Crop Markets Await 2026 Planting, Grain Stocks Estimates

   May corn is down 1/2 cent per bushel, May soybeans are up 3 1/4 cents, May
KC wheat is up 3 1/4 cents, May Chicago wheat is up 4 1/2 cents, and MIAX May
Minneapolis wheat is down 0.0175 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is down 1/2 cent per bushel, May
soybeans are up 3 1/4 cents, May KC wheat is up 3 1/4 cents, May Chicago wheat
is up 4 1/2 cents, and MIAX May Minneapolis wheat is down 0.0175 cents.

   CME GLOBEX RECAP: On Monday, May corn fell 6 1/4 cents, May soybeans rose by
1/2 cent, and May KC wheat dropped by 6 1/2 cents. Corn basis was weaker, while
soybean and hard red winter wheat basis were steady on Monday, and soft red
winter wheat and spring wheat basis were stronger. Soybean oil hit a yearly
high, leading the soybean complex higher, due to the EPA's announcement on
Friday raising biofuel quotas for blending in 2026 and 2027. Corn started the
week lower as traders positioned their portfolios ahead of Tuesday's
Prospective Planting and Grains Stocks Reports. Wheat futures limited losses as
traders tried to squeeze out any bullishness left in the dry weather forecasts
for the U.S. wheat crop. Tuesday's trade will center around the release of the
USDA's reports at 11 a.m. CDT.

   OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average up 49.50 at 45,216.14 and the S&P 500 down 25.13 at 6,343.72. The
10-Year Treasury yield ended at 4.342%. Early Tuesday, the June Dow Jones
Futures are up 388 points. European markets are higher, with the spot futures
of London's FTSE 100 trading up 0.81%, spot futures of Germany's DAX are
trading up 1.08%, and the spot futures of France's CAC 40 Index are up 0.71%.
Asian markets are lower, with Japan's Nikkei 225 Index down 1.58% and China's
Shanghai Composite Index down 0.8%.