DTN Early Word Grains 02/03 05:42

DTN Early Word Grains 02/03 05:42 Wheat Prices Lower Early Friday With Rain in Extended Forecast March corn is down 3 cents, March soybeans are up 3 cents and March KC wheat is down 7 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 3 cents, March soybeans are up 3 cents and March KC wheat is down 7 cents. CME GLOBEX RECAP: Early Friday, stock futures in the U.S. were trading lower after the Bank of England and European Central Bank each added half-percent increases of their own Thursday. Thursday's earnings reports from the big tech firms also reinforced ideas of slower economic activity ahead. At 7:30 a.m. CST, the U.S. Labor Department will release nonfarm payrolls for January and the monthly unemployment rate. Friday's earnings reports include Cigna and LyondellBasell Industries. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average down 39.02 at 34,053.94 and the S&P 500 up 60.55 at 4,179.76. The 10-Year Treasury yield ended at 3.40%, near the lowest yield in over four months. Early Friday, March Dow Jones futures are down 111 points. Asian markets are mixed with Japan's Nikkei 225 index up 0.39% and China's Shanghai Composite Index down 0.68%. European markets are mostly lower with the spot futures of the London FTSE 100 trading up 0.26%, spot futures of Germany's DAX trading down 0.66% and spot futures of France's CAC Index trading down 0.26%. The March euro is up $0.0020 at $1.0954. The March U.S. Dollar Index is down 0.12 at 101.46. The March 30-year T-bond is down 1/32nd, while April gold is down $3.90 at $1,926.90 and March crude oil is up $0.25 at $76.13. On China's Dalian exchange, March corn was up 0.0%, March soybeans were down 1.2%, May soybean meal was down 0.3% and May soybean oil was down 0.7%. April Malaysian palm oil is trading up 2.5%.