DTN Early Word Grains 03/22 05:28

DTN Early Word Grains 03/22 05:28 Crop Prices Lower in U.S. and China, Ahead of Fed Decision May corn is down 2 cents, May soybeans are down 5 cents and May KC wheat is down 8 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: May corn is down 2 cents, May soybeans are down 5 cents and May KC wheat is down 8 cents. CME GLOBEX RECAP: Early Wednesday, U.S. stock futures are trading slightly lower with markets mixed in Europe. Traders are well aware Wednesday is the day the Federal Reserve will issue its decision on interest rates. Inflation remains a concern after consumer prices in the U.K. came in higher than expected, up 10.4% in February from a year ago. The U.S. Energy Department's weekly inventory report will be out at 9:30 a.m. CDT Wednesday, the only significant report of the day before the Federal Reserve announces its decision at 1 p.m. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 316.02 at 32,560.60 and the S&P 500 Index up 51.30 at 4,002.87. The 10-Year Treasury yield ended at 3.61%. Early Wednesday, June Dow Jones futures are down 45 points. European markets are mixed with the spot futures of the London FTSE 100 trading down 0.19%, spot futures of Germany's DAX trading up 0.13% and spot futures of France's CAC Index trading down 0.02%. Asian markets are higher with Japan's Nikkei 225 index up 1.93% and China's Shanghai Composite Index up 0.31%.