DTN Early Word Grains 03/29 05:56

DTN Early Word Grains 03/29 05:56 Grains Mixed Ahead of USDA May corn is down 1 cent per bushel, May soybeans are up 3/4 cents, and May K.C. wheat is down 1 1/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: May corn is down 1 cent per bushel, May soybeans are up 3/4 cents, and May K.C. wheat is down 1 1/4 cents. CME Globex Recap: Global equities are higher Friday morning as optimism reigns surrounding the U.S-China trade talks in Beijing. U.S. Treasury Secretary Mnuchin said the two sides had a "productive working dinner" on Thursday evening while the White House's top economic advisor said Thursday that talks could continue for months. The strategy by the White House of talking discussions up one minute, only to talk them down the next is what has patience in financial markets wearing thin over the trade war. Grains are mixed ahead of the next batch of USDA reports scheduled to be released late morning Friday. The March 1 stocks data will be the key information while traders are likely to move past the acreage data quickly given the lack of certainty by farmers on intention changes. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 91.87 at 25,717.46 and the S&P 500 up 10.07 at 2,805.37 while the 10-Year Treasury yield ended at 2.389%. Early Friday, the June DJIA futures are up 48 points. Asian markets are higher with Japan's Nikkei 225 up 172.05 (0.82%) and China's Shanghai Composite up 95.81 points (3.2%). European markets are higher with London's FTSE 100 up 37.94 points (0.52%), Germany's DAX up 45.64 points (0.4%) and France's CAC 40 up 33.68 points (0.64%). The June Euro is down 0.001 at 1.130 and the June U.S. dollar index is up 0.046 at 96.810. The June 30-Year T-Bond is down 12/32nds, while June gold is up $0.30 at $1,295.60 and May crude oil is up $0.48 at $59.78. Soybeans on China's Dalian Exchange were down -0.63% while soybean meal was down -0.83%.