DTN Early Word Grains         01/27 05:47
   Demand Underpins Corn, Wheat Markets, Soybeans Eye Weather

   March corn is up 1 cent per bushel, March soybeans are up 2 cents, March KC
wheat is steady, March Chicago wheat is up 1 1/4 cents, and MIAX March
Minneapolis wheat is down 0.0075 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is up 1 cent per bushel, March
soybeans are up 2 cents, March KC wheat is steady, March Chicago wheat is up 1
1/4 cents, and MIAX March Minneapolis wheat is down 0.0075 cents.

   CME GLOBEX RECAP: On Monday, March corn closed down 2 1/4 cents, March
soybeans closed down 6 cents, and March KC wheat closed down 11 cents. Wheat
traders saw an improving weather forecast for the U.S. wheat crop on Monday and
initiated risk-off trades. That pressured corn and soybean prices, too. Corn,
spring wheat, soybean, hard red winter wheat, and soft red winter wheat basis
were steady on Monday. Soybean oil prices moved higher, underpinning the
soybean trade. Outside markets were favorable for agricultural commodities. The
market is anticipating President Donald Trump's visit to Iowa on Tuesday,
hoping to hear news on biofuel policy.

   OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average up 313.69 at 49,412.40 and the S&P 500 up 34.62 at 6,950.23. The
10-Year Treasury yield ended at 4.213%. Early Tuesday, the March Dow Jones
Futures are down 73 points. European markets are mixed, with the spot futures
of London's FTSE 100 trading up 0.46%, spot futures of Germany's DAX are
trading down 0.17%, and the spot futures of France's CAC 40 Index are up 0.1%.
Asian markets are higher, with Japan's Nikkei 225 Index up 0.85% and China's
Shanghai Composite Index up 0.18%.