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DTN Early Word Grains         02/21 05:54
   Mixed Markets to Start the Week

   March corn was 1 cent higher, March soybeans were 4 cents higher, and July
Kansas City wheat was 2 cents lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   March corn was 1 cent higher, March soybeans were 4
cents higher, and July Kansas City wheat was 2 cents lower.

CME Globex Recap:   Soybeans were showing green early Tuesday morning, starting
the week by erasing some of last Friday's sharp sell-off. Corn also rallied
overnight, holding fractional gains through early Tuesday, while wheat
contracts were lower. Outside commodities were mostly higher though soybean oil
and gold stayed under pressure. The U.S. dollar index and DJIA futures both
posted solid gains.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 4.28 points higher
at 20,624.05. The NASDAQ Composite gained 23.68 points (0.4%) to 5,838.58 and
the S&P 500 added 3.94 points (0.2%) to 2,351.16 Friday. DJIA futures were 59
points higher early Tuesday morning. Asian markets were mostly higher with
Japan's Nikkei up 130.36 points (0.7%), Hong Kong's Hang Seng lost 182.45
points (0.8%), and China's Shanghai Composite added 13.36 points (0.4%).
European markets were also mostly higher Tuesday with London's FTSE 100 off
13.78 points (0.2%), Germany's DAX gaining 51.16 points (0.4%), and France's
CAC 40 up 3.25 points. The euro was down 0.0076 at 1.0538 while the U.S. dollar
index added 0.62 to 101.52. March 30-year T-Bonds were 18/32 lower at 150'22
while April gold fell $9.60 to $1,229.50. Crude oil rallied $1.05 to $54.45
while Brent crude gained $1.10 to $57.28. Dalian soybean futures were higher
while March Malaysian palm oil futures lost 49 ringgits overnight.
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