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DTN Early Word Grains         02/19 06:02
   Mixed Trade as Markets Await Data, Trade-Talk Breakthrough

   March corn is down 1/4 cents per bushel, March soybeans are up 3/4 cents,
and March K.C. wheat is down 2 3/4 cents..

By Tregg Cronin
DTN Contributing Analyst

6:00 a.m. CME Globex:   March corn is down 1/4 cents per bushel, March soybeans
are up 3/4 cents, and March K.C. wheat is down 2 3/4 cents.

CME Globex Recap:   Global equities are mixed to lower Tuesday morning, but
mostly holding recent gains as investors await a breakthrough in U.S.-China
trade negotiations. Talks move back to Washington D.C. this week with both
sides optimistic towards a deal. U.S. officials have reiterated the plan for a
60-day extension of the March 1 tariff deadline, allowing both sides some
additional breathing room. A flair up between the U.S. and European Union over
trade this past weekend is the last thing markets need. Grains are mixed to
weaker, awaiting another big round of data on Thursday and Friday with
backlogged export sales and the USDA Outlook Forum. The focus is shifting to
new crop quickly for traders and producers alike.

OUTSIDE MARKETS:   Previous closes on Friday showed the Dow Jones Industrial
Average up 443.86 at 25,883.25 and the S&P 500 up 29.87 at 2,745.73 while the
10-Year Treasury yield ended at 2.666%. Early Tuesday, the March DJIA futures
are down 43 points. Asian markets are higher with Japan's Nikkei 225 up 20.8
(0.1%) and China's Shanghai Composite up 1.29 points (0.05%). European markets
are lower with London's FTSE 100 down 35.09 points (-0.49%), Germany's DAX down
1.7 points (-0.02%) and France's CAC 40 down 15.53 points (-0.3%). The March
Euro is up 0.001 at 1.130 and the March U.S. dollar index is down 0.010 at
96.730. The March 30-Year T-Bond is up 2/32nds, while April gold is up $10.20
at $1,332.30 and March crude oil is up $0.39 at $55.98. Soybeans on China's
Dalian Exchange were up 0.44% while soybean meal was down -0.12%.
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