DTN Early Word Grains         04/25 05:48
   Grains Higher on Trade Optimism After Soybeans Break Out of Recent Trading
Range

   July corn is up 3 cents per bushel, July soybeans are up 4 3/4 cents, July
KC wheat is up 4 1/4 cents, July Chicago wheat is up 4 1/4 cents and July
Minneapolis wheat is up 4 3/4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 3 cents per bushel, July
soybeans are up 4 3/4 cents, July KC wheat is up 4 1/4 cents, July Chicago
wheat is up 4 1/4 cents and July Minneapolis wheat is up 4 3/4 cents.

   CME GLOBEX RECAP: World equity markets are mixed with the Dow lower but the
broader U.S. market along with European markets mostly higher. Traders see some
reasons for optimism as the U.S. administration has taken a softer stance on
tariffs this week. Economic data on Thursday was good, with the durable goods
total well above trade expectations. This, of course, is a good news/bad news
situation as stronger economic data may keep interest rates higher for longer.

   OUTSIDE MARKETS: Previous close Thursday showed the Dow Jones Industrial
Average up 486.83 at 40,093.40 and the S&P 500 up 108.91 at 5,484.77, The
10-Year Treasury yield ended at 4.305%. Early Friday, the June Dow Jones
Futures are up 7 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 0.05%, spot futures of Germany's DAX are trading
up 0.45% and the spot futures of France's CAC 40 Index up 0.71%. Asian markets
are mixed with Japan's Nikkei 225 Index up 1.9% and China's Shanghai Composite
Index down 0.07%.