DTN Early Word Grains 01/08 05:44

DTN Early Word Grains 01/08 05:44 Grain Markets Mostly Lower on South American Rainfall, Demand Concerns Tied to World Shipping March corn is down 1/4 cent per bushel, March soybeans are down 3 3/4 cents, March KC wheat is down 5 1/2 cents, March Chicago wheat is down 9 1/4 cents and March Minneapolis wheat is down 2 1/2 cents. Kent Beadle, DTN Contributing Analyst Friday's GLOBEX CLOSES: March corn is down 1/4 cent per bushel, March soybeans are down 3 3/4 cents, March KC wheat is down 5 1/2 cents, March Chicago wheat is down 9 1/4 cents and March Minneapolis wheat is down 2 1/2 cents. CME GLOBEX RECAP: World equity markets are mostly lower after a rough start to the new year during the first week of January. Friday's jobs report was stronger than trade expectations, and this kept interest rates moving higher with the 10-year note closing the week back above 4%. This strength has spilled over to the U.S. dollar, which has helped to press on U.S. commodity prices, along with the spike in world shipping prices. Markets are also reacting to a large drop in Boeing shares due to this weekend's door failure in a 737-max aircraft, as well as to lower oil prices that are due to Saudi Arbia's reduction in their selling price of their oil. There are several important data releases this week: On Monday, the USDA's weekly report of export inspections will be out at 10 a.m. CST. Tuesday, we get the U.S. Commerce Department's trade deficit for November which will contain ag export data that USDA will make available later Tuesday morning. We will also get the Energy Department's Short-term Energy Outlook. Brazil's crop agency, Conab, will have new crop estimates out Wednesday. The Energy Department's weekly inventory report will also be released. On Thursday, the USDA's weekly export sales report will be out at 7:30 a.m. CST, the same time as weekly U.S. jobless claims, the consumer price index for December and an update of the U.S. Drought Monitor. We will also see the Energy Department's report on natural gas storage followed by the Treasury Department's federal budget statement. Finally, on Friday, the U.S. Labor Department's producer price index for December will be out at 7:30 a.m. CST, and the USDA's WASDE, December 1 Grain Stocks and Winter Wheat Seedings reports are set for release at 11 a.m. CST. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 25.77 at 37,466.11 and the S&P 500 up 8.56 at 4,697.24, The 10-Year Treasury yield ended at 4.04%. Early Monday, the March Dow Jones Futures are down 184 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.37%, spot futures of Germany's DAX is trading down 0.03% and the spot futures of France's CAC 40 Index down 0.23%. Asian markets are mixed with Japan's Nikkei 225 Index up 0.27% and China's Shanghai Composite Index down 1.42%.