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DTN Early Word Grains         03/19 05:55
   Mixed to Weaker Grains as Trade, Flooding Remain Drivers

   May corn is up 1/4 cents per bushel, May soybeans are down 2 1/4 cents, and
May K.C. wheat is up 2 3/4 cents.

By Tregg Cronin
DTN Contributing Analyst

6:00 a.m. CME Globex:   May corn is up 1/4 cents per bushel, May soybeans are
down 2 1/4 cents, and May K.C. wheat is up 2 3/4 cents.

CME Globex Recap:   The equity markets are mixed Tuesday as the U.S. dollar
index slips back to two-week lows ahead of the FOMC announcement Wednesday.
While U.S.-China trade talks remain at the forefront, financial media outlets
are discussing U.S.-Japan trade relations once again as U.S. agriculture
continues to feel the brunt of Washington's decision to pull out of the
Trans-Pacific-Partnership. Additional tariff cuts on Australian and Canadian ag
products will take place on April 1, which U.S. products will not enjoy. The
major concern is even if U.S. products eventually receive the same tariff
treatment as competitor origins, some demand damage could be permanent. Crude
oil has quietly worked its way back to four-month highs, supporting the entire
energy complex.

OUTSIDE MARKETS:   Previous closes on Friday showed the Dow Jones Industrial
Average up 138.93 at 25,848.87 and the S&P 500 up 14.00 at 2,808.48 while the
10-year Treasury yield ended at 2.593%. Early Tuesday, the June DJIA futures
are up 83 points. Asian markets are lower with Japan's Nikkei 225 down 17.65
(0.08%) and China's Shanghai Composite down 5.44 points (0.18%). European
markets are higher with London's FTSE 100 up 26.69 points (0.37%), Germany's
DAX up 65.26 points (0.56%) and France's CAC 40 up 12.73 points (0.24%). The
March euro is up 0.002 at 1.130 and the March U.S. dollar index is down 0.074
at 96.516.  The June 30-year T-Bond is up 2/32nds, while April gold is up $4.30
at $1,305.80 and April crude oil is up $0.25 at $59.34. Soybeans on China's
Dalian Exchange were down 1.11% while soybean meal was down 0.27%.
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