DTN Early Word Grains 01/28 06:05

DTN Early Word Grains 01/28 06:05 Mixed Trade as Grains Await Export Confirmation, Trade Talk News March corn is unchanged, March soybeans are down 3 cents, and March K.C. wheat is up 1 1/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn is unchanged, March soybeans are down 3 cents, and March K.C. wheat is up 1 1/4 cents. CME Globex Recap: U.S.-China trade talks and the government re-opening will dominate financial markets this week. The government re-opening is especially important to Ag markets as the USDA will be able to shed light on rumored export activity the last 30-45 days. Soybeans maintain their rising trend channel, wheat is still in its declining trend channel and corn is well-entrenched in its sideways pattern of the last 120 days. Two major events like the trade talks and the USDA data dump could be just what the doctor ordered to flip recent trends across the grain markets. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average up 183.96 at 24,737.20 and the S&P 500 up 22.43 at 2,642.33 while the 10-Year Treasury yield ended at 2.753%. Early Monday, the March DJIA futures are down 112 points. Asian markets are lower with Japan's Nikkei 225 down 124.56 (-0.6%) and China's Shanghai Composite down 4.75 points (-0.18%). European markets are lower with London's FTSE 100 down 6.86 points (-0.1%), Germany's DAX down 9.02 points (-0.08%) and France's CAC 40 down 18.49 points (-0.38%). The March Euro is unchanged at 1.150 and the March U.S. dollar index is up 0.005 at 95.470. The March 30-Year T-Bond is down 1/32nds, while February gold is up $2.80 at $1,300.90 and March crude oil is down $0.96 at $52.73. Soybeans on China's Dalian Exchange were up 0.29% while soybean meal was down -0.08%.