DTN Early Word Grains 02/24 05:46

DTN Early Word Grains 02/24 05:46 Grain Markets Open Week Lower Amid Improving South American Conditions March corn is down 5 cents and March soybeans are down 5 1/4 cents. March KC wheat is down 10 1/4 cents, March Chicago wheat is down 10 1/4 cents, and March Minneapolis wheat is down 10 1/4 cents. Rhett Montgomery DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 5 cents and March soybeans are down 5 1/4 cents. March KC wheat is down 10 1/4 cents, March Chicago wheat is down 10 1/4 cents, and March Minneapolis wheat is down 10 1/4 cents. CME GLOBEX RECAP: Grain markets thus far Monday are carrying over Friday's weakness led again by wheat markets rapidly removing risk premium from prices as mild conditions return to the Midwest following last week's cold spell. Corn and soybean markets will also open the week up against chart support but will be pressured by improving conditions in Argentina as well as ongoing soybean harvest pressure in central Brazil. Reports due for Monday are thin, with no major economic reports scheduled as equity markets will attempt to stabilize following the worst day of 2025 thus far for the Dow Jones Industrial Index on Friday, dropping over 700 points amid tariff and inflation concerns. In agricultural reports, grain export inspections due at 10 a.m. CST will give another look into export pace for corn, soybeans, and wheat as well. OUTSIDE MARKETS: Previous closes Sunday showed the Dow Jones Industrial Average down 748.63 points to 43,428.02 and the S&P 500 Index down 104.39 at 6,013.13. The 10-Year Treasury yield ended at 4.42%. Early Monday, March Dow Jones futures are up 325 points. European markets are mostly higher with the spot futures of the London FTSE 100 trading up 0.02%, spot futures of Germany's DAX trading up 0.84% and spot futures of France's CAC Index trading down 0.22%. Asian markets are mixed with Japan's Nikkei 225 index up 0.26% and China's Shanghai Composite Index down 0.18%.