DTN Early Word Grains 01/07 05:52

DTN Early Word Grains 01/07 05:52 Grains Mixed Ahead of Trade Talks, Fund Rebalance March corn up 1/4 cent, March soybeans up 2 1/2 cents, and March KC Wheat down 2 3/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn up 1/4 cent, March soybeans up 2 1/2 cents, and March KC Wheat down 2 3/4 cents. CME Globex Recap: Global equities are mixed around the globe this morning as investors wait to gauge the outcome of the latest round of U.S.-China trade talks. Adding support to equities were last week's more dovish comments from Fed Chair Jay Powell. Crude oil has quickly made its way back toward the 50-handle after trading as low as $42.36/barrel on Christmas Eve. Grains are mixed as traders prepare for no January WASDE, the index fund rebalance and any developments on U.S. Ag products from the Chinese trade talks. OUTSIDE MARKETS: Friday closes showed the Dow Jones Industrial Average up 746.94 at 23,433.16 and the S&P 500 up 84.05 at 2,531.94 while the 10-yr Treasury yield ended at 2.668%. Early Monday, DJIA futures are up 311.00 points. Asian markets are higher with Japan's Nikkei 225 up 477.01 (2.44%) and China's Shanghai Composite up 18.22 points (0.72%). European markets are mixed with London's FTSE 100 down 24.91 points (0.36%), Germany's DAX down 35.89 points (-0.26%), and France's CAC 40 down 15.43 points (-0.33%). The euro was up 0.00415 at 1.14480 and the U.S. dollar index was down 0.2980 at 95.9000. December 30-year T-Bonds were up 12/32nds while February gold was up $7.00 at $1292.80 and February crude oil was up $1.36 at $49.32. Soybeans on China's Dalian Exchange closed down 0.35% while soymeal closed up 0.41%.