DTN Early Word Grains 01/30 05:48

DTN Early Word Grains 01/30 05:48 Grain Markets Mixed with Corn, Soybeans Correcting a Strong Two-Day Rally March corn is down 1 3/4 cents per bushel, March soybeans are down 6 3/4 cents, March KC wheat is up 1 1/2 cents, March Chicago wheat is up 1 cent and March Minneapolis wheat is up 3 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 1 3/4 cents per bushel, March soybeans are down 6 3/4 cents, March KC wheat is up 1 1/2 cents, March Chicago wheat is up 1 cent and March Minneapolis wheat is up 3 cents. CME GLOBEX RECAP: World equity markets are mixed but mostly higher on Thursday, as the Federal Reserve surprised no one by leaving interest rates unchanged on Wednesday. Chairman Powell suggested that they needed to see real progress on inflation or unexpected weakness in the labor market to begin cutting rates again. The stock market didn't like the comments, and the markets closed lower on Wednesday as a result. Thursday morning traders will see the 4th quarter GDP numbers and weekly Jobless Claims, with Friday's PCE report being the next major data point for traders to contemplate. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average down 136.83 at 44,713.52 and the S&P 500 down 28.39 at 6,039.31. The 10-Year Treasury yield ended at 4.555%. Early Thursday, the March Dow Jones Futures are up 191 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.37%, spot futures of Germany's DAX is trading up 0.43% and the spot futures of France's CAC 40 Index up 0.6%. Asian markets are lower with Japan's Nikkei 225 Index down 0.1% and China's Shanghai Composite Index is closed for a holiday.