DTN Early Word Grains         04/16 06:32
   Traders Eye Wheat Frost Threat, Wet Corn Planting Weather

   May corn is down 3/4 cent per bushel, May soybeans are down 3 1/2 cents,
July KC wheat is up 13 1/2 cents, May Chicago wheat is up 8 1/4 cents, and MIAX
July Minneapolis wheat is up 0.1175 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is down 3/4 cent per bushel, May
soybeans are down 3 1/2 cents, July KC wheat is up 13 1/2 cents, May Chicago
wheat is up 8 1/4 cents, and MIAX July Minneapolis wheat is up 0.1175 cents.

   CME Globex Recap: On Wednesday, May corn rose 8 1/4 cents, May soybeans rose
9 cents, and May KC wheat rose by 2 3/4 cents. Soybean and hard red winter
wheat basis levels strengthened on Wednesday, while corn, soft red winter
wheat, and hard red spring wheat basis held steady. Corn and soybeans recovered
from early-week losses. Soybeans continue to get support from soybean oil,
strong crush demand, and signals that the U.S.-China trade meeting in May will
take place. President Trump said on Wednesday that China had agreed not to
supply weapons to Iran. The wheat market is trading with weather and falling
crop conditions in the Central and Southern Plains. The energy markets weakened
as negotiators for the U.S. and Iran plan to meet this week to push for a
two-week extension of the truce.

   OUTSIDE MARKETS: The previous close on Wednesday showed the Dow Jones
Industrial Average down 72.27 points at 48,463.72, and the S&P 500 up 55.57
points at 7,022.95. The 10-Year Treasury yield ended at 4.282%. Early Thursday,
the June Dow Jones Futures are up 22 points. European markets are higher, with
the spot futures of London's FTSE 100 trading up 0.25%, spot futures of
Germany's DAX are trading up 0.33%, and the spot futures of France's CAC 40
Index are up 0.4%. Asian markets are higher, with Japan's Nikkei 225 Index up
2.38% and China's Shanghai Composite Index up 0.7%.