DTN Early Word Grains 02/01 05:48

DTN Early Word Grains 02/01 05:48 Stronger Grains Across the Board on USDA Data, Trade Talks March corn is up 1 1/2 cents per bushel, March soybeans are up 8 1/4 cents, and March K.C. wheat is up 2 3/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn is up 1 1/2 cents per bushel, March soybeans are up 8 1/4 cents, and March K.C. wheat is up 2 3/4 cents. CME Globex Recap: Financial markets are mostly higher around the globe as investors were emboldened by positive trade talks in Washington, especially after President Trump announced he would meet with Chinese president Xi to hash out the more contentious points. Weak Asian economic data limited gains. Grain futures are starting February on a positive note as the resumption of USDA data along with positive language from the trade talks were enough to keep bulls buying. Still plenty of work to do for most contracts to break out of the ranges which have existed for several months. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 15.19 at 24,999.67 and the S&P 500 up 23.05 at 2,681.05 while the 10-Year Treasury yield ended at 2.635%. Early Friday, the March DJIA futures are up 9 points. Asian markets are higher with Japan's Nikkei 225 higher 14.9 (0.07%) and China's Shanghai Composite higher 33.66 points (1.3%). European markets are higher with London's FTSE 100 higher 38.66 points (0.55%), Germany's DAX down 2.04 points (-0.02%) and France's CAC 40 up 4.01 points (0.08%). The March Euro is up 0.002 at 1.150 and the March U.S. dollar index is down 0.079 at 95.225. The March 30-Year T-Bond is up 6/32nds, while April gold is up $0.30 at $1,325.50 and March crude oil is down $0.19 at $53.60. Soybeans on China's Dalian Exchange were up 1.09% while soybean meal was up 1.68%.