DTN Early Word Grains 12/04 06:05

DTN Early Word Grains 12/04 06:05 Mixed to Weaker Trade as Grain Traders Demand Proof December corn was down 1 1/2 cents, January soybeans were up 3/4 cents, and March KC wheat was down 4 1/2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn was down 1 1/2 cents, January soybeans were up 3/4 cents, and March KC wheat was down 4 1/2 cents. CME Globex Recap: Global equity markets have taken pause overnight as the "trade-war truce" is viewed with a bit more skepticism. As many outlets have pointed out, China became the world's second largest economy by engaging in the practices the U.S. is currently accusing them of. What makes us confident they will be quick to change their ways? Grains and especially soybeans have cooled from the Sunday/Monday rally as traders want to see firm commitments of soybean purchases before chasing the rally further. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average up 287.97 points at 25,826.43 and the S&P 500 up 30.20 points at 2,790.37 while the 10-year Treasury yield ended at 2.95%. Early Tuesday, DJIA futures are down 117.00. Asian markets were mixed with Japan's Nikkei 225 down 538.71 points (-2.39%) and China's Shanghai Composite was up 11.16 points (0.42%). European markets are lower with London's FTSE 100 down 35.28 points (-0.50%), Germany's DAX down 69.93 points (-0.61%), and France's CAC 40 down 22.34 points (-0.44%). The euro was up 0.00540 at 1.14085 and the U.S. dollar index was down 0.4550 at 96.4910. September 30-year T-Bonds were up 26/32nds while December gold was up $5.10 at $1244.70 and December crude oil was up $1.17 at $54.12. Soybeans on China's Dalian Exchange closed down 1.11% and soymeal closed unchanged.