DTN Early Word Grains 01/30 06:02

DTN Early Word Grains 01/30 06:02 Firmer Grains on Back-Logged Data, China Talks March corn is up 1 1/2 cents per bushel, March soybeans are up 1 1/4 cents, and March K.C. wheat is up 1 1/2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn is up 1 1/2 cents per bushel, March soybeans are up 1 1/4 cents, and March K.C. wheat is up 1 1/2 cents. CME Globex Recap: Global equity markets are mostly quiet as the next round of U.S.-China trade talks get set to begin later Wednesday. The Trump Administration seems to be mixing in positive comments with negative ones so as to not set expectations too high. Many have noted a deal before the March 1 deadline isn't likely. Grains are firmer across this board this morning as traders anxiously await an updated look at demand for physical grain from the USDA as well as an updated look at demand for futures from the CFTC. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average up 51.74 at 24,579.96 and the S&P 500 down 3.85 at 2,643.85 while the 10-Year Treasury yield ended at 2.712%. Early Wednesday, the March DJIA futures are up 73 points. Asian markets are lower with Japan's Nikkei 225 down 108.1 (-0.52%) and China's Shanghai Composite down 18.68 points (-0.72%). European markets are mixed with London's FTSE 100 up 67.89 points (0.99%), Germany's DAX up 38.84 points (-0.35%) and France's CAC 40 up 25.61 points (0.52%). The March Euro is up 0.000 at 1.150 and the March U.S. dollar index is down 0.021 at 95.495. The March 30-Year T-Bond is down 4/32nds, while February gold is up $2.90 at $1,311.80 and March crude oil is up $0.26 at $53.57. Soybeans on China's Dalian Exchange were down -0.38% while soybean meal was down -0.23%.