DTN Early Word Grains 01/24 06:04

DTN Early Word Grains 01/24 06:04 Grains Weaker as Trade Awaits Export Demand Confirmation March corn down 1/4 cent, March soybeans down 1 1/2 cents, and March KC Wheat down 1 1/4 cent. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn down 1/4 cent, March soybeans down 1 1/2 cents, and March KC Wheat down 1 1/4 cent. CME Globex Recap: Mostly quiet global equity markets Thursday morning, but the U.S. Dollar Index is trading near 2019 highs and just below its 50-day moving average. The greenback found support at its 100-day moving average Wednesday and overnight. Grains have seen both sides overnight with wheat markets taking a breather for the first time since last week. Trade talks continue to be the main price driver even as South American production estimates are far from settled. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average up 171.14 at 24,575.62 and the S&P 500 up 5.80 at 2,638.70 while the 10-yr Treasury yield ended at 2.746%. Early Thursday, DJIA futures are up 18.00 points. Asian markets are mixed with Japan's Nikkei 225 down 19.09 points (-0.09%) and China's Shanghai Composite up 10.69 points (0.41%). European markets are mostly higher with London's FTSE 100 down 9.76 points (-0.14%), Germany's DAX up 74.47 points (0.67%), and France's CAC 40 up 39.83 points (0.82%). The euro was down 0.00425 at 1.13660 and the U.S. dollar index was up 0.3220 at 96.4300. March 30-year T-Bonds were up 13/32nds while April gold was down $5.80 at $1284.40 and March crude oil was down $0.10 at $52.51. Soybeans on China's Dalian Exchange closed up 0.44% while soymeal closed up 0.46%.