DTN Early Word Grains 12/27 05:53

DTN Early Word Grains 12/27 05:53 Grains Bounce From Midweek Sell-off in Low Volume Trade March corn is up 2 1/4 cents, January soybeans are up 3 1/2 cents, and March KC wheat is up 3/4 cent. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn is up 2 1/4 cents, January soybeans are up 3 1/2 cents, and March KC wheat is up 3/4 cent. CME Globex Recap: Global equities were mostly quiet overnight, although U.S. stock futures look to give back a portion of Wednesday's single-day record advance. Energy markets in the U.S. on Wednesday saw their best rally in almost 10 years as the underlying economy remains strong even if policy into 2019 remains uncertain. Grain markets are all higher Thursday as we bounce from the drubbing witnessed Wednesday. The U.S. government and USDA remain closed but the impact has been negligible on grain trade so far. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average up 1,086.25 at 22,878.45 and the S&P 500 up 116.60 at 2,467.70 while the 10-yr Treasury yield ended at 2.799%. Early Thursday, DJIA futures are down 322.00. Asian markets were mixed with Japan's Nikkei 225 up 750.56 points (3.88%) and China's Shanghai Composite was down 15.21 points (-0.61%). European markets are mixed with London's FTSE 100 down 35.98 points (-0.54%), Germany's DAX down 136.72 points (-1.26%), and France's CAC 40 up 8.75 points (0.19%). The euro was up $0.00360 at $1.14085 and the U.S. dollar index was down 0.2260 at 96.7860. December 30-year T-Bonds were up 13/32nds while February gold was up $2.10 at $1275.10 and February crude oil was down $0.79 at $45.43. Soybeans on China's Dalian Exchange closed down 0.50% and soymeal closed down 1.87%.