DTN Early Word Grains 12/19 05:39

DTN Early Word Grains 12/19 05:39 Grain Markets Lower Tuesday Morning on South American Weather, World Shipping Concerns March corn is down 3/4 cent per bushel, January soybeans are down 8 1/4 cents, March KC wheat is down 1 cent, March Chicago wheat is down 1/2 cent and March Minneapolis wheat is up 1/2 cent. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 3/4 cent per bushel, January soybeans are down 8 1/4 cents, March KC wheat is down 1 cent, March Chicago wheat is down 1/2 cent and March Minneapolis wheat is up 1/2 cent. CME GLOBEX RECAP: World equity markets are mixed with U.S. futures slightly higher after a slightly higher close on Monday. San Francisco Federal Reserve President Mary Daly was quoted saying that rate cuts might be appropriate in 2024. This is approximately what the marketplace has priced into futures markets and is in line with last week's "Dot Plot" released by the Federal Reserve. The move to lower rates over time is thought to be supportive to equity prices. Meanwhile, markets are becoming more concerned about shipping costs as more companies are avoiding the Suez Canal and the Red Sea due to the Houthi attacks on ships in that area. This will make costs rise which will result in higher prices for consumers. The only important economic data that will be released Tuesday morning is U.S. Housing Starts. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 0.86 at 37,306.02 and the S&P 500 up 21.37 at 4,740.56, The 10-Year Treasury yield ended at 3.95%. Early Tuesday, the March Dow Jones Futures are up 11 points. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.1%, spot futures of Germany's DAX is trading up 0.39% and the spot futures of France's CAC 40 Index down 0.03%. Asian markets are higher with Japan's Nikkei 225 Index up 1.41% and China's Shanghai Composite Index up 0.05%.