DTN Early Word Grains 12/22 05:45

DTN Early Word Grains 12/22 05:45 Grain Markets Mostly Higher Friday Morning, Still Down Significantly for the Week March corn is up 1 cent per bushel, March soybeans are up 3 cents, March KC wheat is down 1/4 cent, March Chicago wheat is up 1 1/4 cents and March Minneapolis wheat is up 3/4 cent. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is up 1 cent per bushel, March soybeans are up 3 cents, March KC wheat is down 1/4 cent, March Chicago wheat is up 1 1/4 cents and March Minneapolis wheat is up 3/4 cent. CME GLOBEX RECAP: U.S. futures are lower Friday morning and equity trade seems to be getting choppier. On Tuesday we had a strong rebound as 3rd quarter GDP was revised downward which helped the case that the Fed may cut rates earlier next year. But recent comments from Fed officials seem to be walking back the "dovishness" of Chairman Powell's comments from last week. Many traders are concerned that markets are getting a little ahead of the economic data, especially with labor remaining as strong as it has been. Friday we will see the November Durable Goods report as well as the PCE index, a key inflation indicator that the Fed watches closely in making interest rate decisions. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 322.35 at 37,404.35 and the S&P 500 up 48.40 at 4,746.75, The 10-Year Treasury yield ended at 3.89%. Early Friday, the March Dow Jones Futures are down 104 points. European markets are mixed with the spot futures of London's FTSE 100 trading up 0.09%, spot futures of Germany's DAX is trading down 0.01% and the spot futures of France's CAC 40 Index up 0.11%. Asian markets are mixed with Japan's Nikkei 225 Index up 0.09% and China's Shanghai Composite Index down 0.13%.