DTN Early Word Grains 12/23 05:54

DTN Early Word Grains 12/23 05:54 Grain Markets Begin Holiday-Shortened Week Higher EARLY MORNING GLOBEX NET CHANGES: March corn is up 1 1/4 cents per bushel, January soybeans are up 1 3/4 cents, March KC wheat is up 5 1/2 cents, March Chicago wheat is up 5 cents and March Minneapolis wheat is up 6 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is up 1 1/4 cents per bushel, January soybeans are up 1 3/4 cents, March KC wheat is up 5 1/2 cents, March Chicago wheat is up 5 cents and March Minneapolis wheat is up 6 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed but mostly lower to begin this holiday shortened week. On Friday, the U.S. market initially saw a sharp rebound in the aftermath of the PCE data that did not indicate as much inflation as was anticipated by traders. That data point ran counter to the hawkish rhetoric from the Fed earlier in the week and helped spur a rebound. However, traders used the rally as another selling opportunity and the gains were cut in half by the close. New data releases will be light during the holiday week with consumer confidence on Monday, durable goods and new home sales on Tuesday, initial jobless claims on Thursday, and the advanced trade balances on Friday. In agriculture, Monday will be a busy day with export inspections along with the monthly cold storage report and the hogs and pigs report. This week's ethanol production report will be delayed until Thursday, and the export sales report will be delayed until Friday. CFTC data will be delayed until the following Monday. OUTSIDE MARKETS: Previous close Friday showed the Dow Jones Industrial Average up 498.02 at 42,840.26 and the S&P 500 up 63.77 at 5,930.85, The 10-Year Treasury yield ended at 4.524%. Early Monday, the March Dow Jones Futures are down 104 points. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.1%, spot futures of Germany's DAX trading down 0.23% and France's CAC 40 Index is steady. Asian markets are mixed with Japan's Nikkei 225 Index up 1.19% and China's Shanghai Composite Index down 0.5%.