DTN Early Word Grains 02/04 05:54

DTN Early Word Grains 02/04 05:54 Grain Markets Mixed After Major Rebound Monday Due to 1-Month Reprieve on Tariffs for Canada, Mexico March corn is up 2 cents per bushel, March soybeans are down 3/4 cent, March KC wheat is down 4 1/4 cents, March Chicago wheat is down 2 1/2 cents and March Minneapolis wheat is down 5 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is up 2 cents per bushel, March soybeans are down 3/4 cent, March KC wheat is down 4 1/4 cents, March Chicago wheat is down 2 1/2 cents and March Minneapolis wheat is down 5 1/2 cents. CME GLOBEX RECAP: World equity markets mixed after a very choppy session Monday in which markets were sharply lower due to the impending tariffs but then rallied in the aftermath of the delaying agreements, only to fall once again and close lower for the session. The fact that the reprieve is only for one month is worrisome for traders as some certainty on this issue would be welcome. As for the data released Monday, the most important was the ISM manufacturing index, which came in well above expectations at 50.9, indicating U.S. manufacturing is back into an expansion mode. This is great for the economy, but it may keep the Fed from lowering rates in March, which is why equity markets didn't like it. Tuesday morning, we will get the job openings report, also known as the JOLT report. Expectations are for 8.0 million job openings. OUTSIDE MARKETS: Previous close Monday showed the Dow Jones Industrial Average down 122.75 at 44,421.91 and the S&P 500 down 45.96 at 5,994.57, The 10-Year Treasury yield ended at 4.543%. Early Tuesday, the March Dow Jones Futures are down 92 points. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.02%, spot futures of Germany's DAX is trading up 0.2% and the spot futures of France's CAC 40 Index up 0.22%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.37% and China's Shanghai Composite Index is steady.