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DTN Early Word Grains         03/26 05:59
   Overseas Developments Sparks Overnight Rally

   May corn was 1 cent higher, May soybeans were 2 cents higher, and May
Chicago wheat was 4 cents higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   May corn was 1 cent higher, May soybeans were 2 cents
higher, and May Chicago wheat was 4 cents higher.

CME Globex Recap:   News of Saudi Arabian (and allies) airstrikes against rebel
held areas of Yemen sparked a sharp rally in both Brent crude and the domestic
WTI crude markets. Gold was also posting a solid double-digit gain while the
U.S. dollar index showed a strong sell-off early Thursday morning. Grains were
still relatively quiet, though trading higher. Most grain contracts were near
overnight session highs.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 292.60 points lower
Wednesday at 17,718.54. Dow Jones futures were 300 points lower early Thursday.
Asian markets were mostly lower with the Nikkei down 275.08 points at
19,471.12. European markets were lower. The overnight crude oil market was
$1.90 higher at $51.11 while Brent crude was $2.07 higher at $58.55. The April
gold contract was $13.80 higher at $1,210.80 while the U.S. dollar index was
0.657 lower at 96.322. Soybeans at the Dalian Exchange were lower while
Malaysian palm oil contracts were higher.
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