DTN Early Word Grains 12/11 05:49

DTN Early Word Grains 12/11 05:49 Choppy Markets as Chinese Waiting Game Continues March corn was unchanged, January soybeans were up 1/2 cent, and March KC wheat was down 1/4 cent. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn was unchanged, January soybeans were up 1/2 cent, and March KC wheat was down 1/4 cent. CME Globex Recap: Global equity markets are mostly higher overnight as stabilizing trade takes over following the weakness the last week. Markets were encouraged Monday night on news a phone call between Treasury Secretary Mnuchin, U.S. Trade Representative Robert Lighthizer and Chinese Vice Premium Liu He took place to restart trade negotiations. Media outlets reported the three senior officials discussed Chinese purchases of agriculture products and changes to fundamental Chinese economic policies. Grain markets are in a holding pattern until USDA releases data at 11:00am CST. OUTSIDE MARKETS: Monday closes showed the Dow Jones Industrial Average up 34.31 at 24,423.26, the S&P 500 up 4.64 at 2,637.72, while the 10-yr Treasury yield ended at 2.85%. Early Tuesday, DJIA futures are up 76.00. Asian markets were mixed with Japan's Nikkei 225 down 71.48 points (-0.34%) and China's Shanghai Composite was up 9.51 points (0.37%). European markets are higher with London's FTSE 100 up 63.48 points (0.94%), Germany's DAX up 142.51 points (1.34%), and France's CAC 40 up 67.75 points (1.43%). The euro was up 0.00265 at 1.13850 and the U.S. dollar index was down 0.2340 at 96.9580. December 30-year T-Bonds were down 12/32nds while February gold was up $4.40 at $1253.80 and January crude oil was $0.33 at $51.33. Soybeans on China's Dalian Exchange closed up 0.09% and soymeal closed up 0.55%.