DTN Early Word Grains 01/04 05:44

DTN Early Word Grains 01/04 05:44 Grain Markets Mostly Lower in Very Quiet Overnight Trade March corn is steady, March soybeans are down 2 3/4 cents, March KC wheat is down 4 1/4 cents, March Chicago wheat is down 3 3/4 cents and March Minneapolis wheat is down 1/4 cent. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is steady, March soybeans are down 2 3/4 cents, March KC wheat is down 4 1/4 cents, March Chicago wheat is down 3 3/4 cents and March Minneapolis wheat is down 1/4 cent. CME GLOBEX RECAP: World equity markets are mostly higher Thursday morning despite a relatively poor day on Wednesday. The 10-year note briefly traded above 4% on Wednesday as traders continue to be worried that the reality of Fed actions this year is likely to be less dovish than had been priced in during the rally in the 4th quarter of 2023. Wednesday's data included the JOLTs report which showed job openings falling in line with trade expectations, and the ISM manufacturing PMI which showed a small improvement over November, but still showed U.S. manufacturing in contraction. The minutes of the most recent Federal Reserve meeting were also released and indicated a willingness to lower rates this year, but a real uncertainty as to whether the data will ultimately support those cuts. Thursday we will get the weekly jobless claims number and the ADP employment report. Friday is the major U.S. unemployment report that the trade will most heavily focus on. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average down 284.85 at 37,430.19 and the S&P 500 down 38.02 at 4,704.81, The 10-Year Treasury yield ended at 3.91%. Early Thursday, the March Dow Jones Futures are up 68 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.11%, spot futures of Germany's DAX is trading up 0.39% and the spot futures of France's CAC 40 Index up 0.34%. Asian markets are lower with Japan's Nikkei 225 Index down 0.53% and China's Shanghai Composite Index down 0.43%.