DTN Early Word Grains 02/10 05:49

DTN Early Word Grains 02/10 05:49 Grain Markets Slightly Lower to Open USDA Week March corn is down 1 1/2 cents and March soybeans are down 1 1/4 cents. March KC wheat is down 3 1/4 cents, March Chicago wheat is down 4 3/4 cents, and March Minneapolis wheat is down 1 1/4 cents. Rhett Montgomery DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 1 1/2 cents and March soybeans are down 1 1/4 cents. March KC wheat is down 3 1/4 cents, March Chicago wheat is down 4 3/4 cents, and March Minneapolis wheat is down 1 1/4 cents. CME GLOBEX RECAP: Grain markets are down to begin the week, recovering slightly from Sunday's open which featured an initial bearish flavor due to comments from President Trump on Sunday promising tariffs on aluminum and steel imports on Monday, as well as further reciprocal tariff action later in the week. The market recently has been expressing increasing optimism regarding grains position in light of new tariffs as thus far Ag commodities have been left more or less unscathed, other than a general nervousness in the marketplace. Traders will also be positioning for Tuesday's World Agricultural Supply and Demand Estimates (WASDE) report due from the USDA. Expectations are for a fairly neutral report in terms of U.S. balance sheets, and the report will offer an update on South American crop outlooks. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average down 444.23 points to 44,303.40 and the S&P 500 Index down 57.58 at 6,025.99. The 10-Year Treasury yield ended at 4.49%. Early Monday, March Dow Jones futures are up 164 points. European markets are higher with the spot futures of the London FTSE 100 trading up 0.57%, spot futures of Germany's DAX trading up 0.32% and spot futures of France's CAC Index trading up 0.19%. Asian markets are slightly higher as well with Japan's Nikkei 225 index up 0.04% and China's Shanghai Composite Index up 0.56%.