DTN Early Word Grains 02/11 06:00

DTN Early Word Grains 02/11 06:00 Grains Mixed Ahead of WASDE March corn is down 1 1/4 cents per bushel, March soybeans are up 1/2 cent, and March KC wheat is up 1/4 cent. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn is down 1 1/4 cents per bushel, March soybeans are up 1/2 cent, and March KC wheat is up 1/4 cent. CME Globex Recap: Financial markets are mostly stronger overnight as investors once again play the seesaw battle of fretting about the coronavirus and moving past it. Of genuine concern to commodities priced in U.S. dollars, the U.S. Dollar Index continues its rally, making new highs for the move overnight at 98.9140. This is the highest trade since October 10 and the index would have been working on its seventh consecutive winning session before turning mixed overnight. With Chinese economic concerns still a major talker, few assets provide the safe-haven the U.S. dollar does. While U.S. politics can be debated, few places in the world offer the stability in currency, interest rates and energy production the U.S. is currently enjoying. Mixed grain trade overnight with corn and Chicago wheat lower while soybeans and hard wheats are higher. USDA will issue its latest WASDE projections later this morning and changes should be on the light end. February crop insurance pricing continues with new crop prices currently averaging below last year on corn, soybeans and spring wheat. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average up 174.31 at 29,276.82 and the S&P 500 up 24.38 at 3,327.71 while the 10-Year Treasury yield ended at 1.547%. Early Tuesday, the March DJIA futures are up 76 points. Asian markets are mixed with Japan's Nikkei 225 down 142 (-0.6%) and China's Shanghai Composite up 11.19 points (0.39%). European markets are higher with London's FTSE 100 up 56.1 points (0.75%), Germany's DAX up 93.76 points (0.69%) and France's CAC 40 up 27.08 points (0.45%). The March Euro is up 0.000 at 1.090 and the March U.S. dollar index is down 0.009 at 98.705. The March 30-Year T-Bond is down 28/32nds, while April gold is down $8.60 at $1,570.90 and March crude oil is up $0.71 at $50.28. Soybeans on China's Dalian Exchange were up 0.94% while soybean meal was up 0.04%.