DTN Early Word Grains 03/04 05:37

DTN Early Word Grains 03/04 05:37 Soybean Meal Prices Give Early Monday Boost to Soybeans May corn was up 2 cents, May soybeans were up 7 cents and May KC wheat was down 1 1/4 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: May corn was up 2 cents, May soybeans were up 7 cents and May KC wheat was down 1 1/4 cents. CME GLOBEX RECAP: Early Monday, Dow Jones futures are starting the week lower with mixed trade in Europe after OPEC announced it would extend its production cuts through the end of June, while Russia would cut over 1.2 million barrels per day of oil production through the end of June. USDA's weekly report of export inspections will be out at 10 a.m. CST Monday. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 90.99 at 39,087.38 and the S&P 500 Index up 40.81 at 5,137.08. The 10-Year Treasury yield ended at 4.18%. Early Monday, March Dow Jones futures are down 84 points. European markets are quietly mixed with the spot futures of the London FTSE 100 trading down 0.37%, spot futures of Germany's DAX trading up 0.06% and spot futures of France's CAC Index trading up 0.03%. Asian markets are higher with Japan's Nikkei 225 index up 0.50% and China's Shanghai Composite Index up 0.41%.