DTN Early Word Grains 01/23 05:50 Grain Markets Lower for a Second Day on Profit Taking, Hedge March corn is down 1 cent per bushel, March soybeans are down 2 1/4 cents, March KC wheat is down 2 1/4 cents, March Chicago wheat is down 3 cents and March Minneapolis wheat is down 1/2 cent. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 1 cent per bushel, March soybeans are down 2 1/4 cents, March KC wheat is down 2 1/4 cents, March Chicago wheat is down 3 cents and March Minneapolis wheat is down 1/2 cent. CME GLOBEX RECAP: World equity markets are mixed Thursday morning with the U.S. market pausing after surging on Wednesday to challenge lifetime highs in the S&P 500 and posted the third highest close in history in the DJIA. Traders are listening to world corporate leaders discuss their views on the economy at the annual meeting in Davos Switzerland, and most of their views have been positive. On Wednesday, the U.S. leading economic indicators were down 0.1%, in line with average trade estimates. Thursday we will see the weekly jobless claims report. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 130.92 at 44,156.73 and the S&P 500 up 37.13 at 6,086.37. The 10-Year Treasury yield ended at 4.599%. Early Thursday, the March Dow Jones Futures are up 24 points. European markets are mixed/higher/lower with the spot futures of London's FTSE 100 trading down 0.16%, spot futures of Germany's DAX is trading up 0.2% and the spot futures of France's CAC 40 Index up 0.16%. Asian markets are mixed/higher/lower with Japan's Nikkei 225 Index up 0.79% and China's Shanghai Composite Index up 0.51%.