DTN Early Word Grains 12/02 05:46

DTN Early Word Grains 12/02 05:46 Grain Markets Lower to Begin the Week on Favorable Mato Grosso Weather March corn is down 2 cents per bushel, January soybeans are down 1 1/4 cents, March KC wheat is down 2 3/4 cents, March Chicago wheat is down 4 cents and March Minneapolis wheat is down 2 1/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 2 cents per bushel, January soybeans are down 1 1/4 cents, March KC wheat is down 2 3/4 cents, March Chicago wheat is down 4 cents and March Minneapolis wheat is down 2 1/4 cents. CME GLOBEX RECAP: World equity markets are mixed with the U.S. market a little lower to begin the new week. U.S. equity markets finished the month of November posting new lifetime high closes in both the DJIA and the S&P 500. Economic data has been mixed, but not strong enough to prevent a likely quarter point rate cut at the Federal Reserve meeting in December. This week brings several new data points for the market to evaluate. On Monday, we get the ISM manufacturing report and construction spending. Tuesday is job openings and auto sales. Wednesday brings the ADP employment report, ISM services, factory orders, and the Fed Beige book. Thursday is the initial jobless claims and the U.S. trade deficit. Finally, Friday gives U.S. consumer sentiment, consumer credit, and the November employment report. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 188.59 at 44,910.65 and the S&P 500 up 33.64 at 6,032.38. The 10-Year Treasury yield ended at 4.178%. Early Monday, the December Dow Jones Futures are down 16 points. European markets are mixed with the spot futures of London's FTSE 100 trading up 0.08%, spot futures of Germany's DAX is trading up 0.55% and the spot futures of France's CAC 40 Index down 0.41%. Asian markets are higher with Japan's Nikkei 225 Index up 0.8% and China's Shanghai Composite Index up 1.13%.