DTN Early Word Grains 03/01 05:52

DTN Early Word Grains 03/01 05:52 March Ushers in Better Markets as Trade Details Eyed May corn is up 1/4 cents per bushel, May soybeans are up 2 3/4 cents, and May K.C. wheat is down 3/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: May corn is up 1/4 cents per bushel, May soybeans are up 2 3/4 cents, and May K.C. wheat is down 3/4 cents. CME Globex Recap: Global equities are higher this morning after better than expected economic data out of both China and Germany. Stronger than expected German retail sales and a better than expected PMI from China were both features overnight. In addition, chatter from Washington D.C. suggests President Trump may be eager to pen a trade deal with China sooner rather than later after disappointing results on the border wall and at his summit with North Korea. Grains are mostly firmer this morning as we begin the month of March and await details of a possible trade deal. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 69.16 at 25,916.00 and the S&P 500 down 7.89 at 2,792.38 while the 10-Year Treasury yield ended at 2.711%. Early Friday, the March DJIA futures are up 155 points. Asian markets are higher with Japan's Nikkei 225 up 217.53 (1.02%) and China's Shanghai Composite up 53.05 points (1.8%). European markets are higher with London's FTSE 100 up 40.36 points (0.57%), Germany's DAX up 113.31 points (0.98%) and France's CAC 40 up 35 points (0.67%). The March Euro is down 0.001 at 1.140 and the March U.S. dollar index is up 0.142 at 96.185. The June 30-Year T-Bond is down 9/32nds, while April gold is down $4.60 at $1,311.50 and April crude oil is up $0.02 at $57.24. Soybeans on China's Dalian Exchange were up 0.35% while soybean meal was up 1.01%.