DTN Early Word Grains 01/15 05:50

DTN Early Word Grains 01/15 05:50 Grain Markets Mixed with Corn, Soybeans Higher on South American Weather Concerns March corn is up 2 1/4 cents per bushel, March soybeans are up 2 1/2 cents, March KC wheat is down 4 1/2 cents, March Chicago wheat is down 1 3/4 cents and March Minneapolis wheat is down 1 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is up 2 1/4 cents per bushel, March soybeans are up 2 1/2 cents, March KC wheat is down 4 1/2 cents, March Chicago wheat is down 1 3/4 cents and March Minneapolis wheat is down 1 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed, with U.S. and European markets higher while Asian markets remain under pressure. U.S. markets on Tuesday recovered to post modestly higher closes in the aftermath of a PPI report that showed producer prices not as strong as pre-trade estimates. Food costs were lower and that was a signal to traders that some inflationary pressures may be starting to ease. We will get CPI data Wednesday, which will help clarify the situation further. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 221.16 at 42,518.28 and the S&P 500 up 6.69 at 5,842.91. The 10-Year Treasury yield ended at 4.788%. Early Wednesday, the March Dow Jones Futures are up 100 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.7%, spot futures of Germany's DAX is trading up 0.73% and the spot futures of France's CAC 40 Index up 0.36%. Asian markets are lower with Japan's Nikkei 225 Index down 0.08% and China's Shanghai Composite Index down 0.43%.