DTN Early Word Grains 12/27 05:34

DTN Early Word Grains 12/27 05:34 Grain, Soy Markets Lower Early Friday With Exception of Bean Oil EARLY MORNING GLOBEX NET CHANGES: March corn is down 1 cent per bushel, March soybeans are down 2 1/2 cents, March KC wheat is down 5 cents, March Chicago wheat is down 2 3/4 cents and March Minneapolis wheat is down 4 cents. Dana Mantini Senior Market Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 1 cent per bushel, March soybeans are down 2 1/2 cents, March KC wheat is down 5 cents, March Chicago wheat is down 2 3/4 cents and March Minneapolis wheat is down 4 cents. CME GLOBEX RECAP: Markets begin Friday morning on a mostly weaker trend. Low volume, holiday trade should continue, but we have a few reports delayed due to the holiday that will be released later Friday morning. Leading the pack would be grain export sales, and with several flash sales last week of corn, soybeans and soymeal, we can expect solid sales levels to be reported. The EIA will be out with their delayed ethanol production and stocks data from the weekly petroleum status report. The CFTC's Commitments of Traders report is delayed until Monday. Traders will again focus on South American, especially Argentine, weather where a drier pattern has emerged but crops remain in good shape. First notice day on January futures is Dec. 31, so longs will need to exit by Monday. OUTSIDE MARKETS: Previous close Thursday showed the Dow Jones Industrial Average up 28.77 at 43,325.80 and the S&P 500 down 2.45 at 6,037.59, The 10-Year Treasury yield ended at 4.579%. Early Friday, the March Dow Jones futures are down 134 points. European markets are mixed with the spot futures of London's FTSE 100 trading up 0.04%, spot futures of Germany's DAX are trading up 0.32% and the spot futures of France's CAC 40 Index are up 0.53%. Asian markets are mixed with Japan's Nikkei 225 Index up 1.8% and China's Shanghai Composite Index up 0.06%.