DTN Early Word Grains 02/12 05:46

DTN Early Word Grains 02/12 05:46 Corn and Wheat Prices Steady, Soybeans Lower to Open Post USDA Trade March corn is up 1/4 cents and March soybeans are down 4 3/4 cents. March KC wheat is up 3 3/4 cents, March Chicago wheat is down 4 1/4 cents, and March Minneapolis wheat is up 4 1/2 cents. Rhett Montgomery DTN Lead Analyst CME GLOBEX RECAP: March corn is up 1/4 cents and March soybeans are down 4 3/4 cents. March KC wheat is up 3 3/4 cents, March Chicago wheat is down 4 1/4 cents, and March Minneapolis wheat is up 4 1/2 cents. Grain markets are mixed early Wednesday as traders attempt to sort out the recent round of estimates from USDA. While world production and carryout estimates for corn and soybeans were on paper less than most analysts had expected, the lack of any clues of the influence world supply and demand will have directly on U.S. balance sheets left some traders scratching their heads. In fundamental news Wednesday, the Energy Information Administration (EIA) will release last week's ethanol production at 9:30 a.m. CST. The prior week's production at 1,112,000 barrels per day (bpd) was the largest weekly figure since mid-November. Also set for release Wednesday morning is Consumer Price Index data from the Bureau of Labor Statistics, which will give investors a refreshed look into inflation in the economy. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 123.24 points to 44,593.65 and the S&P 500 Index up 2.06 at 6,068.50. The 10-Year Treasury yield ended at 4.54%. Early Wednesday, March Dow Jones futures are down 72 points. European markets are mixed with the spot futures of the London FTSE 100 trading down 0.02%, spot futures of Germany's DAX trading up 0.23% and spot futures of France's CAC Index trading up 0.12%. Asian markets are firmer with Japan's Nikkei 225 index up 0.42% and China's Shanghai Composite Index up 0.85%.