DTN Early Word Grains 02/26 05:45

DTN Early Word Grains 02/26 05:45 Grains Begin Mid-Week Trade With Mixed Results May corn is up 1/4 cents and May soybeans are down 4 cents. May KC wheat is down 1/4 cents, May Chicago wheat is down 1/2 cents, and May Minneapolis wheat is down 2 1/2 cents. Rhett Montgomery DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: May corn is up 1/4 cents and May soybeans are down 4 cents. May KC wheat is down 1/4 cents, May Chicago wheat is down 1/2 cents, and May Minneapolis wheat is down 2 1/2 cents. CME GLOBEX RECAP: Thus far Wednesday, row crop markets are quiet with corn and wheat markets treading near even, while soybean and soy product futures slip lower. All three major crop markets appeared to find buying support Tuesday, which allowed prices to close well off daily lows so Wednesday's trade will be interesting to see if there is any follow-through from bullish traders. Meanwhile, outside markets continue to work through concerns regarding tariffs and slumping U.S. consumer confidence reported Tuesday morning which had markets in a whirlwind as stock equities finished mixed with the Dow Jones Industrial Average higher and the S&P lower, with both finishing well off intraday lows. Due Wednesday for reports is the Energy Information Administration's (EIA) weekly Petroleum Status Report which includes ethanol production which will offer the latest clue into what has been strong corn usage for ethanol thus far through the 2024/25 marketing year. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 159.95 to 43,621.16 and the S&P 500 Index down 28.00 at 5,955.25. The 10-Year Treasury yield ended at 4.30%. Early Wednesday, March Dow Jones futures are up 132 points. European markets are mostly higher with the spot futures of the London FTSE 100 trading up 0.57%, spot futures of Germany's DAX trading up 1.38% and spot futures of France's CAC Index trading down 0.51%. Asian markets are mixed to higher with Japan's Nikkei 225 index down 0.25% and China's Shanghai Composite Index up 1.02%.