DTN Early Word Grains 02/25 05:48

DTN Early Word Grains 02/25 05:48 Corn, Wheat and Beans Lower Early Tuesday, Bean Oil Rises on Possible Tariff Reaction May corn is down 3 1/4 cents per bushel, March soybeans are down 1/2 cent, May KC wheat is down 4 cents, May Chicago wheat is down 6 1/2 cents and May Minneapolis wheat is down 1/2 cent. Rhett Montgomery DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: May corn is down 3 1/4 cents per bushel, March soybeans are down 1/2 cent, May KC wheat is down 4 cents, May Chicago wheat is down 6 1/2 cents and May Minneapolis wheat is down 1/2 cent. CME GLOBEX RECAP: Most ag futures markets are mixed to slightly lower very early Tuesday, while soybean oil starts off firm on ideas that Canada could slap a reciprocal tariff on the U.S. which could slow the import of Canadian canola for biofuels. Weather in South America features some very heavy rain totals for the next ten days that could help to alleviate ongoing dryness. In Brazil the soybean harvest and safrinha corn planting has advanced rapidly, especially in the major producing state of Mato Grosso. Outside markets have stabilized a bit, although the Dow Jones futures have broken below the 100-day average, with crude oil slowing the decline as well. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 33.19 at 43,461.21 and the S&P 500 down 29.88 at 5,983.25. The 10-Year Treasury yield ended at 4.393%. Early Tuesday, the March Dow Jones Futures are down 56 points. European markets are mixed/higher/lower with the spot futures of London's FTSE 100 trading up 0.31%, spot futures of Germany's DAX is trading up 0.08% and the spot futures of France's CAC 40 Index up 0.02%. Asian markets are mixed/higher/lower with Japan's Nikkei 225 Index up 0.04% and China's Shanghai Composite Index down 0.8%.