DTN Early Word Grains 12/11 05:51

DTN Early Word Grains 12/11 05:51 Grain Markets Mixed with Corn, Wheat Higher on USDA Report Follow-Through March corn is up 3/4 cent per bushel, January soybeans are down 3 cents, March KC wheat is up 1 1/2 cents, March Chicago wheat is up 1 1/2 cents and March Minneapolis wheat is up 1/2 cent. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is up 3/4 cent per bushel, January soybeans are down 3 cents, March KC wheat is up 1 1/2 cents, March Chicago wheat is up 1 1/2 cents and March Minneapolis wheat is up 1/2 cent. CME GLOBEX RECAP: World equity markets are mixed Wednesday morning, with Asia continuing to rally on new Chinese stimulus while U.S. and European markets falling on profit taking ahead of the important CPI report that will be released Wednesday morning. This report and the PPI report on Thursday will be the last major inflation indicators before the Federal reserve meets next week. Traders will be watching these numbers closely to see if they need to adjust their expectations for a 1/4 point rate cut by the Fed at their meeting. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average down 154.10 at 44,247.83 and the S&P 500 down 17.94 at 6,034.91. The 10-Year Treasury yield ended at 4.221%. Early Wednesday, the December Dow Jones Futures are down 36 points. European markets are mixed with the spot futures of London's FTSE 100 trading up 0.07%, spot futures of Germany's DAX is trading down 0.09% and the spot futures of France's CAC 40 Index up 0.05%. Asian markets are higher with Japan's Nikkei 225 Index up 0.01% and China's Shanghai Composite Index up 0.29%.