DTN Early Word Grains 12/18 05:55

DTN Early Word Grains 12/18 05:55 Grain Markets Higher in Corn, Wheat and Lower Again in Soybeans March corn is up 1 cent per bushel, January soybeans are down 9 1/4 cents, March KC wheat is up 2 cents, March Chicago wheat is up 2 cents and March Minneapolis wheat is up 3 1/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is up 1 cent per bushel, January soybeans are down 9 1/4 cents, March KC wheat is up 2 cents, March Chicago wheat is up 2 cents and March Minneapolis wheat is up 3 1/4 cents. CME GLOBEX RECAP: World equity markets are mixed but mostly higher on Wednesday morning with the U.S. market firmer as the Federal Reserve's decision on interest rates will be released Wednesday afternoon at 1 p.m. CST. Futures closed lower on Tuesday, as interest rates moved higher in the aftermath of a strong retail sales report. Traders still anticipate a 1/4 point cut from the Fed Wednesday afternoon but are very uncertain about future cuts in 2025. On Tuesday, the manufacturing data was negative again, with industrial production and capacity utilization both below trade expectations. So, the data continues to be mixed, with services and the consumer indicating a good economy but manufacturing showing problems. New data Wednesday ahead of the Fed announcement will include housing starts and building permits. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average down 267.58 at 43,449.90 and the S&P 500 down 23.47 at 6,050.61. The 10-Year Treasury yield ended at 4.385%. Early Wednesday, the December Dow Jones Futures are up 108 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 0.36% and the spot futures of France's CAC 40 Index up 0.39%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.72% and China's Shanghai Composite Index up 0.62%.