DTN Early Word Grains 01/28 05:54

DTN Early Word Grains 01/28 05:54 Grains Higher, Standoff With Russia Continues March corn was up 3 1/2 cents, March soybeans were up 10 cents and March KC wheat was up 5 cents. Todd Hultman DTN Lead Analyst Pre-6 a.m. Globex Prices: March corn was up 3 1/2 cents, March soybeans were up 10 cents and March KC wheat was up 5 cents. CME Globex Recap: Early Friday, Dow Jones futures are trading lower, in line with stocks in Europe. According to the Wall Street Journal, almost one third of the S&P 500 companies have reported earnings for the quarter so far and over three-fourths have exceeded expectations. Much of the week's attention has been spent on the standoff with Russia and the Federal Reserve's plans to raise interest rates, possibly in March. China's New Year is set to begin next week. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average down 7.31 at 34,160.78 and the S&P 500 down 23.42 at 4,326.51 as the 10-Year Treasury yield ended at 1.81%. Early Friday, March Dow Jones futures are trading down 124 points. Asian markets are higher with Japan's Nikkei 225 index up 2.1% and China's Shanghai Composite Index up 0.97%. European markets are lower with the spot futures of the London FTSE 100 trading down 1.01%, spot futures of Germany's DAX trading down 1.43% and spot futures of France's CAC Index trading down 1.45%. The March euro is down $0.0008 at $1.1143. The March U.S. Dollar Index is up 0.14 at 97.38. The March 30-year T-bond is down 20/32nds, while February gold is down $3.50 at $1,789.60 and March crude oil is up $0.40 at $87.01. On China's Dalian exchange, May corn was up 0.1%, March soybeans were up 4.0%, May soybean meal was up 3.6% and May soybean oil was up 3.7%. April Malaysian palm oil is trading up 3.4% at its highest prices on record.