DTN Early Word Grains 12/26 06:09

DTN Early Word Grains 12/26 06:09 Quiet Trade Expected Post-Christmas With No USDA Corn is steady, soybeans are up 1 cent to 3 cents, and wheat is up 1 cent to 2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: Corn is steady, soybeans are up 1 cent to 3 cents, and wheat is up 1 cent to 2 cents. CME Globex Recap: Equity markets are mostly quiet on this first session after the Christmas break, although the bloodletting witnessed Monday and last week is still fresh in the minds of investors. December equity returns are on-pace for their worst performance since the Great Depression. Also rattling investors is the constant criticism of the Federal Reserve by President Trump and what that could mean for Fed Chair Powell. Markets would not do well with a premature departure by the head of the U.S. money supply. Energy markets are firmer but the strength is coming from incredibly depressed levels. Ag markets are expected to post mostly rangebound trade this week with South American weather and cash market activity driving trade in the absence of the USDA. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average down 653.17 at 21,792.20 and the S&P 500 down 65.52 at 2,351.10 while the 10-yr Treasury yield ended at 2.736%. Early Wednesday, DJIA futures are up 119.00. Asian markets were mixed with Japan's Nikkei 225 up 171.32 points (0.89%) and China's Shanghai Composite was down 6.53 points (-0.26%). European markets are mixed with London's FTSE 100 down 35.18 points (-0.52%), Germany's DAX closed, and France's CAC 40 down 67.99 points (-1.45%). The euro was down $0.002065 at $1.14055 and the U.S. dollar index was up 0.1480 at 96.7290. December 30-year T-Bonds were up 2/32nds while February gold was up $5.10 at $1277.20 and February crude oil was up $0.59 at $43.12. Soybeans on China's Dalian Exchange closed down 0.16% and soymeal closed down 0.56%.