DTN Early Word Grains         03/22 05:28
   Crop Prices Lower in U.S. and China, Ahead of Fed Decision

   May corn is down 2 cents, May soybeans are down 5 cents and May KC wheat is
down 8 cents.

Todd Hultman
DTN Lead Analyst

   EARLY MORNING GLOBEX NET CHANGES: May corn is down 2 cents, May soybeans are
down 5 cents and May KC wheat is down 8 cents.

   CME GLOBEX RECAP: Early Wednesday, U.S. stock futures are trading slightly
lower with markets mixed in Europe. Traders are well aware Wednesday is the day
the Federal Reserve will issue its decision on interest rates. Inflation
remains a concern after consumer prices in the U.K. came in higher than
expected, up 10.4% in February from a year ago. The U.S. Energy Department's
weekly inventory report will be out at 9:30 a.m. CDT Wednesday, the only
significant report of the day before the Federal Reserve announces its decision
at 1 p.m.

   OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average up 316.02 at 32,560.60 and the S&P 500 Index up 51.30 at 4,002.87. The
10-Year Treasury yield ended at 3.61%. Early Wednesday, June Dow Jones futures
are down 45 points. European markets are mixed with the spot futures of the
London FTSE 100 trading down 0.19%, spot futures of Germany's DAX trading up
0.13% and spot futures of France's CAC Index trading down 0.02%. Asian markets
are higher with Japan's Nikkei 225 index up 1.93% and China's Shanghai
Composite Index up 0.31%.