DTN Early Word Grains 01/02 05:56

DTN Early Word Grains 01/02 05:56 Grain Markets Expected Better to Start on South American Weather Corn is up 1 cent to 2 cents, soybeans are up 3 cents to 4 cents, and wheat is up 2 cents to 4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: Corn is up 1 cent to 2 cents, soybeans are up 3 cents to 4 cents, and wheat is up 2 cents to 4 cents. CME Globex Recap: Equities are beginning 2019 on a lower note with investors still rattled by the U.S. government shutdown and slowing economic data related to the trade war. Energy markets are also beginning the year with a softer tone as the Energy Information Agency confirmed U.S. crude oil output during the month of October set a new all-time record of more than 11.5 million barrels per day. Grain markets will see a hard open Wednesday at 8:30 a.m. CST with calls generally better on South American weather. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average up 265.06 at 23,327.46 and the S&P 500 up 21.11 at 2,506.85 while the 10-yr Treasury yield ended at 2.686%. Early Wednesday, DJIA futures are down 356.00. Asian markets are lower with Japan's Nikkei 225 down 62.85 point (-0.31%) and China's Shanghai Composite down 28.61 points (-1.15%). European markets are lower with London's FTSE 100 down 61.94 points (-0.92%), Germany's DAX down 49.96 points (-0.47%), and France's CAC 40 down 85.77 points (-1.81%). The euro was down 0.00110 at 1.14500 and the U.S. dollar index was up 0.1470 at 96.2370. December 30-year T-Bonds were up 19/32nds while February gold was up $8.10at $1289.40 and February crude oil was down $0.40 at $45.01. Soybeans on China's Dalian Exchange closed up 0.98% while soymeal closed up 0.73%.