DTN Early Word Grains 03/11 05:48

DTN Early Word Grains 03/11 05:48 Grain Markets Lower to Begin the Week after Friday's USDA Supply and Demand Report May corn is down 3 1/2 cents per bushel, May soybeans are down 5 3/4 cents, May KC wheat is down 4 1/4 cents, May Chicago wheat is down 1 cent and May Minneapolis wheat is down 2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: May corn is down 3 1/2 cents per bushel, May soybeans are down 5 3/4 cents, May KC wheat is down 4 1/4 cents, May Chicago wheat is down 1 cent and May Minneapolis wheat is down 2 cents. CME GLOBEX RECAP: World equity markets are mostly lower Monday as the market anticipates key U.S. inflation data on Tuesday and Thursday this week. Friday markets were chopping in the aftermath of the U.S. jobs report, which was stronger than anticipated with 275,000 new jobs reported in the month of February. However, December and January were revised lower by 167,000 jobs, muting the impact of the higher February estimate. The unemployment rate rose to 3.9% while wages were only up 0.1%. The report wasn't as bullish for the economy as the headline number suggested, and that led to the choppy two-sided trade and a lower close. This week the important data releases include CPI and the Federal Budget deficit on Tuesday; Retail sales, PPI, Jobless claims, and Business Inventories on Thursday; and the Empire State manufacturing survey, Industrial Production, and Consumer Sentiment on Friday. In Agriculture, we will get a NOPA crush report on Friday in addition to the normal release of weekly data. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average down 68.66 at 38,722.69 and the S&P 500 down 33.67 at 5,123.69, The 10-Year Treasury yield ended at 4.09%. Early Monday, the March Dow Jones Futures are down 161 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.49%, spot futures of Germany's DAX is trading down 0.67% and the spot futures of France's CAC 40 Index down 0.34%. Asian markets are mixed with Japan's Nikkei 225 Index down 2.19% and China's Shanghai Composite Index up 0.74%.