DTN Early Word Grains 12/21 05:45

DTN Early Word Grains 12/21 05:45 Grain Markets Mixed Thursday Morning March corn is steady, January soybeans are down 4 1/2 cents, March KC wheat is up 4 3/4 cents, March Chicago wheat is up 3 3/4 cents and March Minneapolis wheat is up 4 3/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is steady, January soybeans are down 4 1/2 cents, March KC wheat is up 4 3/4 cents, March Chicago wheat is up 3 3/4 cents and March Minneapolis wheat is up 4 3/4 cents. CME GLOBEX RECAP: U.S. futures are higher Thursday morning, rebounding from the worst session since September 21. Considering the magnitude of the rally from late October, some correction should be expected, especially moving toward year-end where managers may look to lock in the gains for the year. Interest rates are still moving lower, with the 10-year note falling to 3.87%. On Wednesday, Consumer Confidence was much stronger than anticipated, jumping nearly 10 points from last month's reading. New home sales were also higher than anticipated, which had traders wondering if the stronger economic data might change the Fed's newly found dovishness and push them to keep rates high for longer. Thursday, we will get 3rd quarter GDP which might give the market some additional volatility. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average down 475.92 at 37,082.0 and the S&P 500 down 70.02 at 4,698.35, The 10-Year Treasury yield ended at 3.88%. Early Thursday, the March Dow Jones Futures are up 157 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.55%, spot futures of Germany's DAX is trading down 0.62% and the spot futures of France's CAC 40 Index down 0.52%. Asian markets are mixed with Japan's Nikkei 225 Index down 1.59% and China's Shanghai Composite Index up 0.57%.