DTN Early Word Grains 02/25 06:03

DTN Early Word Grains 02/25 06:03 Row Crops Rally on Trade War Optimism March corn is up 2 1/4 cents per bushel, March soybeans are up 9 3/4 cents, and May K.C. wheat is down 1 1/2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn is up 2 1/4 cents per bushel, March soybeans are up 9 3/4 cents, and May K.C. wheat is down 1 1/2 cents. CME Globex Recap: Global equities are higher around the globe this morning, led by China which saw markets jump almost 6% on optimism toward the trade war. President Trump has agreed to delay the next round of tariffs scheduled for March 1 to allow more time for negotiators who are seemingly closer than ever to a larger deal. The strength is spilling over to grain futures, especially soybeans, which are expected to benefit mightily from a grand deal which has proved elusive since last summer. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average up 181.18 at 26,031.81 and the S&P 500 up 17.79 at 2,774.88 while the 10-Year Treasury yield ended at 2.655%. Early Monday, the March DJIA futures are up 165 points. Asian markets are higher with Japan's Nikkei 225 up 102.72 (0.48%) and China's Shanghai Composite up 157.06 points (5.6%). European markets are higher with London's FTSE 100 up 14.95 points (0.21%), Germany's DAX up 46.57 points (0.41%) and France's CAC 40 up 22.34 points (0.43%). The March Euro is up 0.002 at 1.140 and the March U.S. dollar index is down 0.157 at 96.210. The March 30-Year T-Bond is down 11/32nds, while April gold is down $0.50 at $1,332.30 and April crude oil is up $0.14 at $57.40. Soybeans on China's Dalian Exchange were down -0.5% while soybean meal was down -0.75%.