DTN Early Word Grains 12/02 06:01

DTN Early Word Grains 12/02 06:01 Grains Mixed to Begin Final Month of 2019 March corn is steady, January soybeans are up 2 1/2 cents, and March KC wheat is down 3 1/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn is steady, January soybeans are up 2 1/2 cents, and March KC wheat is down 3 1/4 cents. CME Globex Recap: Global equity markets are off to a good start as we begin the final trading month of 2019. Themes this week won't be any different than the last several with trade talks still front and center, although impeachment hearings and economic reports will also be a feature. In addition, the current continuing resolution is set to expire on December 20, presenting the possibility of a government shutdown if an agreement to fund the government cannot be reached. Ag markets are mixed overnight with soybeans higher while wheat and corn are mostly lower. The focus this week will be assessing crop damage from the weekend blizzard in the Northern Plains, determining how much crop remains unharvested, trade talks and physical grain movement with cash markets remaining strong across the Midwest. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average down 112.59 at 28,051.41 and the S&P 500 down 12.65 at 3,153.63 while the 10-Year Treasury yield ended at 1.776%. Early Monday, the December DJIA futures are up 114 points. Asian markets are higher with Japan's Nikkei 225 up 235.59 (1.01%) and China's Shanghai Composite up 0.63 points (0.02%). European markets are higher with London's FTSE 100 up 28.89 points (0.39%), Germany's DAX up 94.19 points (0.71%) and France's CAC 40 up 24.64 points (0.42%). The December Euro is down 0.000 at 1.100 and the December U.S. dollar index is up 0.078 at 98.280. The December 30-Year T-Bond is down 50/32nds, while February gold is down $10.40 at $1,462.30 and January crude oil is up $1.31 at $56.48. Soybeans on China's Dalian Exchange were down 0.21% while soybean meal was down 1.22%.