DTN Early Word Grains 03/14 06:00

DTN Early Word Grains 03/14 06:00 Grains Mixed, Trade Attempts to Sort Through China Rumors May corn is unchanged, May soybeans are down 1 1/2 cents, and May K.C. wheat is up 3 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: May corn is unchanged, May soybeans are down 1 1/2 cents, and May K.C. wheat is up 3 cents. CME Globex Recap: Global equities are mixed this morning as the focus swings back toward Brexit from the trade war between the U.S. and China. Fortunately for financial markets, British Parliament voted to prevent the U.K. from splashing out of the European Union without a "Brexit deal." This should provide investors at least some measure of peace, although it could mean the process drags out even longer. Grain markets are mixed to higher as enough China rumors are present to keep bulls bottom-picking. That said, managed funds remain overwhelmingly short with most positions carrying sizable equity which they will not want to part with until forced to. Export sales on tap Thursday morning with corn and wheat needing solid totals to prevent bears from axing export estimates further. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average up 148.23 at 25,702.89 and the S&P 500 up 19.40 at 2,791.52 while the 10-Year Treasury yield ended at 2.611%. Early Thursday, the June DJIA futures are down 21 points. Asian markets are lower with Japan's Nikkei 225 down 3.22 (-0.02%) and China's Shanghai Composite down 36.27 points (-1.2%). European markets are higher with London's FTSE 100 up 31.98 points (0.45%), Germany's DAX up 9.21 points (0.08%) and France's CAC 40 up 31.67 points (0.6%). The March Euro is down 0.002 at 1.130 and the March U.S. dollar index is up 0.228 at 96.740. The June 30-Year T-Bond is down 7/32nds, while April gold is down $10.40 at $1,298.90 and April crude oil is down $0.05 at $58.21. Soybeans on China's Dalian Exchange were down -0.03% while soybean meal was up 1.15%.