DTN Early Word Grains 02/01 05:44

DTN Early Word Grains 02/01 05:44 Grain Markets Lower Thursday morning, Once Again Finding Overnight Sellers March corn is down 3 3/4 cents per bushel, March soybeans are down 9 1/4 cents, March KC wheat is down 5 1/4 cents, March Chicago wheat is down 6 1/4 cents and March Minneapolis wheat is down 3 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 3 3/4 cents per bushel, March soybeans are down 9 1/4 cents, March KC wheat is down 5 1/4 cents, March Chicago wheat is down 6 1/4 cents and March Minneapolis wheat is down 3 cents. CME GLOBEX RECAP: World equity markets are mixed but mostly lower Thursday morning after Wednesday's sharp selloff in the aftermath of the Fed decision to keep rates steady. The key item from Wednesday's communique was language suggesting that a rate cut in March was possible but unlikely. This was reiterated in the post meeting press conference by Chairman Powell where he said a rate cut in March "was not the most likely case." This sent U.S. stocks lower into the Wednesday close and some of that weakness spilled into world markets on Thursday, although U.S. futures are slightly higher Thursday morning. Thursday morning, we will have several important economic releases, with U.S. Jobless Claims and 4th quarter Productivity being released at 7:30 a.m. CST and the ISM manufacturing index coming out at 9 a.m. CST. Traders are going to be looking for data that will increase the odds of a March rate cut. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average down 317.01 at 38,150.30 and the S&P 500 down 79.32 at 4,845.65, The 10-Year Treasury yield ended at 3.97%. Early Thursday, the March Dow Jones Futures are up 5 points. European markets are mixed with the spot futures of London's FTSE 100 trading up 0.26%, spot futures of Germany's DAX is trading down 0.19% and the spot futures of France's CAC 40 Index down 0.78%. Asian markets are lower with Japan's Nikkei 225 Index down 0.76% and China's Shanghai Composite Index down 0.64%.