DTN Early Word Grains         03/31 05:39
   Corn, Soybeans Steady to Higher, Wheat Lower in Anticipation of USDA Stocks
and Acreage Reports

   May corn is unchanged, May soybeans are up 2 cents, and May KC wheat is down
4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is unchanged, May soybeans are up
2 cents, and May KC wheat is down 4 cents.

   CME GLOBEX RECAP: The rally in world equity prices continues. After gains
again Thursday, the Dow is up over 600 points this week, with the S&P nearly 80
points higher and the NASDAQ up nearly 250 points. World markets are coming
along as we have managed to get through the week without another bank failure.
Commodity prices have found resistance after most markets have had strong
rallies this week.

   OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 141.43 at 32,859.03 and the S&P 500 Index up 23.02 at 4,050.83. The
10-Year Treasury yield ended at 3.55%. Early Friday, June Dow Jones futures are
up 72 points. European markets are higher with the spot futures of the London
FTSE 100 trading up 0.16%, spot futures of Germany's DAX trading up 0.31% and
spot futures of France's CAC Index trading up 0.47%. Asian markets are also
higher with Japan's Nikkei 225 index up 0.93% and China's Shanghai Composite
Index up 0.04%.