DTN Early Word Grains         02/02 05:48
   Corn, Soybean, and Wheat Markets Pressured by Broad Sell-Off

   March corn is down 2 cents per bushel, March soybeans are down 6 cents,
March KC wheat is down 5 1/4 cents, March Chicago wheat is down 4 1/4 cents,
and MIAX March Minneapolis wheat is down 0.0475 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: March corn is down 2 cents per bushel,
March soybeans are down 6 cents, March KC wheat is down 5 1/4 cents, March
Chicago wheat is down 4 1/4 cents, and MIAX March Minneapolis wheat is down
0.0475 cents.

   CME GLOBEX RECAP: On Friday, March corn closed down slightly, March soybeans
closed down 8 cents, and March KC wheat closed down slightly. A broad sell-off
pressured grains after a significant reversal in gold and silver prices. The
U.S. dollar is recovering from its January plunge. Soybean, spring wheat, soft
red winter wheat, and hard red winter wheat basis were steady on Friday, while
corn basis strengthened. Pressure from macro markets is expected to start the
week. On Monday, the USDA will release its weekly Export Inspections report at
10 a.m. CST. Later in the afternoon, following the close, USDA will release
Grain Crushings and Co-Products Production and Fats and Oils (Oilseed
Crushings, Production, Consumption, and Stocks) at 2 p.m. CST.

   OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial
Average down 179.09 at 48,892.47 and the S&P 500 down 29.98 at 6,939.03. The
10-Year Treasury yield ended at 4.241%. Early Monday, the March Dow Jones
Futures are down 100 points. European markets are higher, with the spot futures
of London's FTSE 100 trading up 0.29%, spot futures of Germany's DAX are
trading up 0.47%, and the spot futures of France's CAC 40 Index are up 0.33%.
Asian markets are lower, with Japan's Nikkei 225 Index down 0.1% and China's
Shanghai Composite Index down 0.96%.