DTN Early Word Grains 03/18 05:49

DTN Early Word Grains 03/18 05:49 Corn, Wheat Higher Monday Morning on Russian Drone Strikes in Odessa May corn is up 1 1/4 cents per bushel, May soybeans are down 3 1/4 cents, May KC wheat is up 5 1/4 cents, May Chicago wheat is up 7 1/4 cents and May Minneapolis wheat is up 4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: May corn is up 1 1/4 cents per bushel, May soybeans are down 3 1/4 cents, May KC wheat is up 5 1/4 cents, May Chicago wheat is up 7 1/4 cents and May Minneapolis wheat is up 4 cents. CME GLOBEX RECAP: World equity markets are quiet but mostly higher Monday morning. Last week the U.S. market posted its second consecutive weekly lower close, although the Dow was only down 7 points, and the S&P was only down 6 points. The Federal reserve will have a meeting this week, but traders are universally anticipating that the Fed will leave rates unchanged. Chairman Powell's comments at the post meeting press conference will likely be the driver of any volatility associated with the meeting. Major economic reports this week include Housing Starts and Building Permits on Tuesday, with Jobless claims, flash PMI's, U.S. leading economic indicators and existing home sales on Thursday. The Federal reserve decision and press conference is Wednesday. In Agriculture, we will get all the normal weekly reports in addition to a cattle on feed report this Friday. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average down 190.89 at 38,714.77 and the S&P 500 down 33.39 at 5,117.09, The 10-Year Treasury yield ended at 4.30%. Early Monday, the June Dow Jones Futures are down 23 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.01%, spot futures of Germany's DAX is trading up 0.12% and the spot futures of France's CAC 40 Index up 0.12%. Asian markets are higher with Japan's Nikkei 225 Index up 2.67% and China's Shanghai Composite Index up 0.99%.