DTN Early Word Grains         02/27 05:45
   For February, Soybeans Jump 8.2%, Wheat 6.9%, and Corn 1.4%

   May corn is up 3/4 cent per bushel, May soybeans are up 4 cents, May KC
wheat is up 7 1/2 cents, May Chicago wheat is up 5 3/4 cents, and MIAX May
Minneapolis wheat is up 0.0050 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is up 3/4 cent per bushel, May
soybeans are up 4 cents, May KC wheat is up 7 1/2 cents, May Chicago wheat is
up 5 3/4 cents, and MIAX May Minneapolis wheat is up 0.0050 cents.

   CME GLOBEX RECAP: On Thursday, May corn closed up 1 1/2 cents, May soybeans
down 1 1/2 cents, and May KC wheat closed down 2 cents. The May soybean futures
contract had a 27-cent trading range, eventually dropping amid uncertainty
about a scheduled April meeting between the U.S. and China. Soybean oil hit new
highs on optimistic biofuels policy news, trimming soybean futures losses. Weak
export sales weighed on the corn and wheat markets. Corn, soybean, hard red
winter wheat, and soft red winter wheat basis were stronger on Thursday, and
spring wheat basis was steady. The projected prices for revenue-based crop
insurance policies will be set after trading ends on Friday. The average, as of
Feb. 26, 2026, is $4.61 per bushel for corn, $11.08 per bushel for soybeans,
and $6.18 for HRS wheat. The CFTC will release the Commitments of Traders
report at 2:30 p.m. CST on Friday, with positions as of Tuesday, February 24.

   OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average up 17.05 at 49,499.20 and the S&P 500 down 37.27 at 6,908.86. The
10-Year Treasury yield ended at 4.017%. Early Friday, the March Dow Jones
Futures are down 273 points. European markets are higher, with the spot futures
of London's FTSE 100 trading up 0.35%, spot futures of Germany's DAX are
trading up 0.06%, and the spot futures of France's CAC 40 Index are down 0.23%.
Asian markets are higher, with Japan's Nikkei 225 Index up 0.16% and China's
Shanghai Composite Index up 0.39%.