DTN Early Word Grains         03/28 05:47
   Grain Markets Lower With Focus on Tariffs, Key USDA Reports to be Released
Monday

   May corn is down 3 1/2 cents per bushel, May soybeans are down 3 3/4 cents,
May KC wheat is down 12 cents, May Chicago wheat is down 7 3/4 cents and May
Minneapolis wheat is down 7 1/2 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is down 3 1/2 cents per bushel,
May soybeans are down 3 3/4 cents, May KC wheat is down 12 cents, May Chicago
wheat is down 7 3/4 cents and May Minneapolis wheat is down 7 1/2 cents.

   CME GLOBEX RECAP: World equity markets are mostly lower again this morning
as the increased tariffs proposed by President Trump threaten economic growth
and corporate profits. After Wednesday's announcement of 25% tariffs on
automobile imports, many U.S. trading partners said there would be new tariffs
on U.S. exports which will impact both the U.S. and the world economy. Traders
are now worried that the April 2 tariffs promised by the administration will
now also be more stringent.

   Traders are also looking ahead to Friday morning's release of the PCE
numbers which are the favored inflation indicator of the Federal Reserve.
Thursday's data was mostly in line with trade expectations as jobless claims,
GDP, and pending home sales provided no major surprises.

   OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average down 155.09 at 42,299.70 and the S&P 500 down 18.89 at 5,693.31. The
10-Year Treasury yield ended at 4.369%. Early Friday, the June Dow Jones
Futures are down 14 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.04%, spot futures of Germany's DAX is trading
down 0.72% and the spot futures of France's CAC 40 Index down 0.69%. Asian
markets are lower with Japan's Nikkei 225 Index down 1.8% and China's Shanghai
Composite Index down 0.67%.