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DTN Early Word Grains         02/21 05:55
   Higher Grains Across the Board Ahead of USDA Data

   March corn is up 3 3/4 cents per bushel, March soybeans are up 2 3/4 cents,
and March K.C. wheat is up 5 1/4 cents.

By Tregg Cronin
DTN Contributing Analyst

6:00 a.m. CME Globex:   March corn is up 3 3/4 cents per bushel, March soybeans
are up 2 3/4 cents, and March K.C. wheat is up 5 1/4 cents.

CME Globex Recap:   Equities are mixed around the globe. News China has decided
to ban Australian coal imports related to the country's decision to block
Huawei from supplying telecoms equipment has the Aussie Dollar off close to
1.0%. This appears to be a sign China is not willing to lay down without a
fight against the West, possibly raising the stakes for the ongoing trade talks
in Washington. The U.S. is at the forefront of the anti-Huawei movement. Grains
are higher across the board after Wednesday's washout and partial recovery. A
bevy of data to be released Thursday including acreage ideas from the USDA
Outlook Forum.

OUTSIDE MARKETS:   Previous closes on Wednesday showed the Dow Jones Industrial
Average up 63.12 at 25,954.44 and the S&P 500 up 4.94 at 2,779.76 while the
10-Year Treasury yield ended at 2.654%. Early Thursday, the March DJIA futures
are up 17 points. Asian markets are mixed with Japan's Nikkei 225 down 32.74
(0.15%) and China's Shanghai Composite up 9.42 points (-0.34%). European
markets are lower with London's FTSE 100 down 50.38 points (-0.7%), Germany's
DAX up 8.69 points (0.08%) and France's CAC 40 down 5.22 points (-0.1%). The
March Euro is down 0.001 at 1.140 and the March U.S. dollar index is up 0.116
at 96.410. The March 30-Year T-Bond is down 5/32nds, while April gold is down
$9.70 at $1,338.20 and April crude oil is up $0.12 at $57.28. Soybeans on
China's Dalian Exchange were down -0.09% while soybean meal was down -0.28%.
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