DTN Early Word Grains 01/05 05:44

DTN Early Word Grains 01/05 05:44 Grain Markets Mixed Friday Morning on Shipping, South American Weather, Demand March corn is down 1/4 cent per bushel, March soybeans are down 3 1/4 cents, March KC wheat is up 4 1/2 cents, March Chicago wheat is up 2 1/4 cents and March Minneapolis wheat is up 8 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 1/4 cent per bushel, March soybeans are down 3 1/4 cents, March KC wheat is up 4 1/2 cents, March Chicago wheat is up 2 1/4 cents and March Minneapolis wheat is up 8 cents. CME GLOBEX RECAP: World equity markets are mostly lower Friday morning after a mixed session on Thursday. The ADP employment data released Thursday showed higher than expected job growth while the Initial Jobless Claims were lower than expected. This continues to imply underlying strength in the labor market, and this could keep the Fed from cutting rates as quickly as had been assumed by the trade. Friday morning, we will get the most important labor data from the U.S. Employment Report and equity markets would likely have a negative reaction should the jobs number show an increase of more than 170,000 new jobs which is the average trade estimate going into the report. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 10.15 at 37,440.34 and the S&P 500 down 16.13 at 4,688.68, The 10-Year Treasury yield ended at 3.99%. Early Friday, the March Dow Jones Futures are down 88 points. European markets are lower with the spot futures of London's FTSE 100 trading down 1%, spot futures of Germany's DAX is trading down 0.85% and the spot futures of France's CAC 40 Index down 1.13%. Asian markets are mixed with Japan's Nikkei 225 Index up 0.27% and China's Shanghai Composite Index down 0.85%.