DTN Early Word Grains         03/10 05:52
   Oil Retreats, Row-Crop Traders Eye Fresh USDA Data

   May corn is down 4 cents per bushel, May soybeans are down 4 cents, May KC
wheat is down 7 1/2 cents, May Chicago wheat is down 8 3/4 cents, and MIAX May
Minneapolis wheat is down 0.1300 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is down 4 cents per bushel, May
soybeans are down 4 cents, May KC wheat is down 7 1/2 cents, May Chicago wheat
is down 8 3/4 cents, and MIAX May Minneapolis wheat is down 0.1300 cents.

   CME GLOBEX RECAP: On Monday, May corn dropped by 6 3/4 cents, May soybeans
closed down 4 1/2 cents, and May KC wheat dropped by 3 3/4 cents. Row crop
prices dropped from highs, along with a wild crude oil market, as traders took
profits and farmers hedged future crop sales. Crude oil prices jumped 29%,
reaching near $120 per barrel, on Monday. Since prices dropped 7% early
Tuesday, following news that energy ministers from the Group of Seven oil
countries are willing to tap reserves to steady the market. Additionally,
President Trump said on Monday that the war with Iran would end soon.
Meanwhile, Iran's leaders say they are still in charge and can fight. The March
World Agricultural Supply and Demand Estimates (WASDE) report from the USDA
will be released at 11 a.m. CDT on Tuesday, providing traders with an update on
grain and oilseed fundamentals amid recent geopolitically driven market
volatility.

   OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average up 239.25 at 47,740.80 and the S&P 500 up 55.97 at 6,795.99. The
10-Year Treasury yield ended at 4.136%. Early Tuesday, the March Dow Jones
Futures are up 170 points. European markets are higher, with the spot futures
of London's FTSE 100 trading up 1.6%, spot futures of Germany's DAX are trading
up 2.39%, and the spot futures of France's CAC 40 Index are up 1.88%. Asian
markets are higher, with Japan's Nikkei 225 Index up 2.88% and China's Shanghai
Composite Index up 0.65%.