DTN Early Word Grains 12/13 05:55

DTN Early Word Grains 12/13 05:55 Grain Markets Mixed as Corn Continues to Correct but Wheat Finds Support March corn is down 1 cent per bushel, January soybeans are down 4 1/4 cents, March KC wheat is up 3/4 cent, March Chicago wheat is up 1/2 cent and March Minneapolis wheat is up 1/2 cent. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 1 cent per bushel, January soybeans are down 4 1/4 cents, March KC wheat is up 3/4 cent, March Chicago wheat is up 1/2 cent and March Minneapolis wheat is up 1/2 cent. CME GLOBEX RECAP: World equity markets are mixed again Friday morning, with Europe and the U.S. recovering while Asian markets are weak. The DJIA has closed lower for six consecutive sessions but is still only 2.5% off its lifetime highs that were made last Wednesday. Thursday's PPI report was hotter than expected, which matches up with the CPI report that was released on Wednesday. This has caused a jump in interest rates, with the 10-year rate having risen from 4.15% to 4.32% over the course of the week. This puts a rate cut next week in jeopardy, which weighed on equity futures Thursday. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average down 234.44 at 43,914.12 and the S&P 500 down 32.94 at 6,051.25. The 10-Year Treasury yield ended at 4.324%. Early Friday, the December Dow Jones Futures are up 84 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.13%, spot futures of Germany's DAX is trading up 0.31% and the spot futures of France's CAC 40 Index up 0.38%. Asian markets are lower with Japan's Nikkei 225 Index down 0.95% and China's Shanghai Composite Index down 2.01%.