DTN Early Word Grains         03/06 05:50
   Traders Eye Next Week's Fresh USDA South America Crop Estimates

   May corn is up 2 3/4 cents per bushel, May soybeans are up 7 1/4 cents, May
KC wheat is up 9 3/4 cents, May Chicago wheat is up 10 1/4 cents, and MIAX May
Minneapolis wheat is up 0.0800 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is up 2 3/4 cents per bushel, May
soybeans are up 7 1/4 cents, May KC wheat is up 9 3/4 cents, May Chicago wheat
is up 10 1/4 cents, and MIAX May Minneapolis wheat is up 0.0800 cents.

   CME GLOBEX RECAP: On Thursday, May corn closed up 9 3/4 cents, May soybeans
up 9 3/4 cents, and May KC wheat closed up 20 cents. Traders built a risk
premium into the farm markets as the energy rally continues. Wheat's
double-digit rally boosted corn, along with strong export sales. Soybean oil
underpinned soybean prices. The soybean basis was stronger on Thursday, while
corn, soft red winter wheat, and spring wheat basis were steady, and hard red
winter wheat basis was weaker. On Friday, traders will position ahead of next
week's USDA WASDE Report. The monthly U.S. Jobs Report will be released Friday
morning, along with the CFTC weekly Commitments of Traders Report Friday
afternoon.

   OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average down 784.67 at 47,954.74 and the S&P 500 down 38.79 at 6,830.71. The
10-Year Treasury yield ended at 4.146%. Early Friday, the March Dow Jones
Futures are down 164 points. European markets are mixed, with the spot futures
of London's FTSE 100 trading up 0.14%, spot futures of Germany's DAX are
trading down 0.13%, and the spot futures of France's CAC 40 Index are down
0.42%. Asian markets are higher, with Japan's Nikkei 225 Index up 0.62% and
China's Shanghai Composite Index up 0.38%.