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DTN Early Word Grains         02/22 05:54
   Green Grains Again

   March corn was 1 cent higher, March soybeans were 3 cents higher, and July
Kansas City wheat was 1 cent higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   March corn was 1 cent higher, March soybeans were 3
cents higher, and July Kansas City wheat was 1 cent higher.

CME Globex Recap:   Grains and energies changed places from the night before
with the former higher early Wednesday while the latter was mostly lower. Only
metals followed a similar path to the previous overnight session, with
contracts lower once again. The U.S. dollar index continues to show renewed
buying interest, with the release of the latest FOMC minutes set for Wednesday
afternoon, while DJIA futures were lower overnight.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 118.95 points (0.6%)
higher at 20,743.00. The NASDAQ Composite gained 27.37 points (0.5%) to
5,865.95 and the S&P 500 added 14.22 points (0.6%) to 2,365.38 Tuesday. DJIA
futures were unchanged early Wednesday morning. Asian markets were mostly
higher with Japan's Nikkei off 1.57 points, Hong Kong's Hang Seng gained 238.33
points (1.0%), and China's Shanghai Composite added 7.89 points (0.2%).
European markets were mostly lower Wednesday though London's FTSE 100 was up
3.25 points, Germany's DAX gaining 12.07 points (0.1%), while France's CAC 40
added 0.45 point. The euro was down again, losing another 0.0031 to 1.0506
while the U.S. dollar index added 0.17 to 101.61. March 30-year T-Bonds were
10/32 higher at 151'20 while April gold dipped $1.00 to $1,237.90. Crude oil
fell $0.28 to $54.05 while Brent crude lost $0.28 to $56.38. Dalian soybean
futures were lower while Malaysian palm oil futures were mostly higher
overnight.
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