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DTN Early Word Grains         02/14 05:51
   Row-Crop Markets Firm as Argentina Crop Conditions Slide

   March corn is up 4 1/4 cents and March soybeans are up 10 1/2 cents. March
KC wheat is up 9 3/4 cents, March Chicago wheat is down 11 cents, and March
Minneapolis wheat is up 9 1/4 cents.

Rhett Montgomery
DTN Lead Analyst

   CME GLOBEX RECAP: March corn is up 4 1/4 cents and March soybeans are up 10
1/2 cents. March KC wheat is up 9 3/4 cents, March Chicago wheat is down 11
cents, and March Minneapolis wheat is up 9 1/4 cents.

   Grain markets are firmer through the overnight session Friday morning, with
corn and wheat on their way to posting positive weekly moves despite a bumpy
midweek. Soybean futures are working toward a two-day win streak to finish a
week that saw prices trade lower but the strong move higher overnight thus far
stands to cut into those losses. In reports Friday, the Mato Grosso Institute
of Agricultural Economics (IMEA) will release their weekly crop progress report
at 1 p.m. CST, which will update the market on soybean harvest and safrinha
corn planting in Brazil's top-producing state. Also Friday afternoon, the CFTC
will release the weekly Commitments of Traders report which will give insights
into speculative positions as of Tuesday, February 11.

   OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 342.87 points to 44,711.43 and the S&P 500 Index up 63.10 at
6,115.07. The 10-Year Treasury yield ended at 4.53%. Early Friday, March Dow
Jones futures are down 158 points. European markets are mixed to slightly
higher with the spot futures of the London FTSE 100 trading down 0.15%, spot
futures of Germany's DAX trading down 0.34% and spot futures of France's CAC
Index trading up 1.49%. Asian markets are mixed with Japan's Nikkei 225 index
down 0.79% and China's Shanghai Composite Index up 0.43%.
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