DTN Early Word Grains         04/06 05:45
   Row-Crop Markets Eye Intensifying War Strikes, Higher Oil Prices

   May corn is down 2 cents per bushel, May soybeans are up 3 3/4 cents, May KC
wheat is down 8 1/2 cents, May Chicago wheat is down 5 cents, and MIAX May
Minneapolis wheat is down 0.0500 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is down 2 cents per bushel, May
soybeans are up 3 3/4 cents, May KC wheat is down 8 1/2 cents, May Chicago
wheat is down 5 cents, and MIAX May Minneapolis wheat is down 0.0500 cents.

   CME GLOBEX RECAP: On Thursday, May corn dropped 2 cents, May soybeans lost 5
cents, and May KC wheat rose by 2 cents. Corn basis was stronger, while soft
red winter wheat and hard red winter wheat basis were weaker on Thursday, and
spring wheat and soybean basis were steady. The CME Group markets were closed
on Friday. On Friday, the Commitments of Traders Report showed that for the
week ending March 31, 2026, money managers remained net long the futures and
options markets for corn, the soybean complex, SRW wheat, lean hogs, live
cattle, and feeder cattle. This week, traders will be watching news from the
war in Iran. On Sunday, crude oil rose to $115 per barrel after President Trump
threatened to strike Iran's energy sites and bridges if a deal wasn't made to
reopen the Strait of Hormuz by Tuesday. Trump has scheduled a Monday afternoon
press conference. USDA will release weekly export inspections on Monday at 10
a.m. CDT. The USDA will restart its weekly Crop Progress reports on Monday with
an update at 3 p.m. CDT.

   OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average down 61.07 at 46,504.67 and the S&P 500 up 7.37 at 6,582.69. The
10-Year Treasury yield ended at 4.313%. Early Monday, the June Dow Jones
Futures are up 8 points. European markets are mixed, with the spot futures of
London's FTSE 100 up 0.78%, spot futures of Germany's DAX down 0.72%, and the
spot futures of France's CAC 40 Index down 0.24%. Asian markets are mixed, with
Japan's Nikkei 225 Index up 0.55% and China's Shanghai Composite Index down 1%.