DTN Early Word Grains         04/13 07:19
   Row-Crop Markets Eye Iranian Escalation, U.S. Planting Weather

   May corn is up 3 3/4 cents per bushel, May soybeans are up 1/2 cent, May KC
wheat is up 14 1/2 cents, May Chicago wheat is up 11 1/4 cents, and MIAX May
Minneapolis wheat is up 0.0800 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is up 3 3/4 cents per bushel, May
soybeans are up 1/2 cent, May KC wheat is up 14 1/2 cents, May Chicago wheat is
up 11 1/4 cents, and MIAX May Minneapolis wheat is up 0.0800 cents.

   CME Globex Recap: On Friday, May corn fell 3 cents, May soybeans rose 10 1/2
cents, and May KC wheat rose by 1/4 of a cent. The basis for soybeans, hard red
winter wheat, corn, soft red winter wheat, and spring wheat was steady. The
corn market dipped to its lowest level since February 25. Soybean futures found
support from a rally in soybean meal amid profit-taking in soybean oil. Wheat
gains were limited by the bearish USDA stocks estimate in Thursday's monthly
WASDE Report. Traders were also cautious ahead of weekend talks between the
U.S. and Iran, which reportedly failed. President Trump is considering limited
military strikes in Iran. Additionally, the U.S. announced it will start on
Monday by blocking all maritime traffic entering and exiting Iranian ports.
Iran reportedly has sent Navy forces to its southern border, anticipating an
invasion. For reports, USDA will release its Weekly Export Inspections report
at 10 a.m. CDT on Monday. The USDA will release a series of monthly commodity
outlooks with post-WASDE details at 2 p.m. CDT, before releasing the weekly
Crop Progress update at 3 p.m. CDT.

   OUTSIDE MARKETS: The previous close on Friday showed the Dow Jones
Industrial Average down 269.23 points at 47,916.57, and the S&P 500 down 7.77
points at 6,816.89. The 10-Year Treasury yield ended at 4.317%. Early Monday,
the June Dow Jones Futures are down 251 points. European markets are
mixed/higher/lower, with spot futures of London's FTSE 100 trading down 0.4%,
spot futures of Germany's DAX trading down 1.19%, and spot futures of France's
CAC 40 Index trading down 0.83%. Asian markets are mixed/higher/lower with
Japan's Nikkei 225 Index down 0.74% and China's Shanghai Composite Index up
0.06%.