DTN Early Word Grains         02/18 05:48
   Grains Staging Recovery After Sluggish Tuesday Trade

   March corn is up 2 cents and March soybeans are up 9 cents. March KC wheat
is up 9 1/4 cents, March Chicago wheat is up 7 3/4 cents, and March MIAX
Minneapolis wheat is up 2 1/4 cents.

Rhett Montgomery
DTN Lead Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 2 cents and March
soybeans are up 9 cents. March KC wheat is up 9 1/4 cents, March Chicago wheat
is up 7 3/4 cents, and March MIAX Minneapolis wheat is up 2 1/4 cents.

   CME GLOBEX RECAP: On Tuesday, March corn closed down 5 1/2 cents to $4.26
1/4, March soybeans were up 1 cent to $11.34, and March Kansas City wheat
futures were down 3 3/4 cents to $5.38 3/4. Soybeans were the lone major row
crop to finish with a daily gain to open the week on Tuesday, as a double-digit
drop in Chicago wheat futures pressured corn to a poor technical close as well,
setting up another support test for Wednesday. Thus far for Wednesday, markets
are recovering, with wheat futures reclaiming lost ground from a two-day
selloff. Outside markets were mixed on Tuesday and similar thus far for
Wednesday, with crude oil futures chopping the past two weeks just below late
January highs as nuclear negotiations between U.S. and Iranian officials are
ongoing. The U.S. dollar is marginally higher in four of the past five sessions
but overall, still among the lowest level for the index in four years.

   OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average up 32.26 at 49,533.19 and the S&P 500 Index up 7.05 at 6,843.22. The
10-Year Treasury yield ended at 4.05%. Early Wednesday, March Dow Jones futures
are up 183 points. European markets are higher with the spot futures of the
London FTSE 100 trading up 1.18%, spot futures of Germany's DAX trading up
0.81% and spot futures of France's CAC Index trading up 0.63%. Asian markets
are higher with Japan's Nikkei 225 index up 1.02%.