DTN Early Word Grains 02/06 05:48

DTN Early Word Grains 02/06 05:48 Grain Markets Higher, Rebounding From Wednesday's Small Correction March corn is up 2 cents per bushel, March soybeans are up 8 3/4 cents, March KC wheat is up 3/4 cent, March Chicago wheat is up 1/4 cent and March Minneapolis wheat is steady. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is up 2 cents per bushel, March soybeans are up 8 3/4 cents, March KC wheat is up 3/4 cent, March Chicago wheat is up 1/4 cent and March Minneapolis wheat is steady. CME GLOBEX RECAP: World equity markets are mostly higher on Thursday after the U.S. market shrugged off a lower morning and managed to rally into Wednesday's close. The rally came after a worse than expected ISM services report indicating that the services sector is finally starting to cool off. This is another data point that could help drive a future rate cut. Traders are looking ahead to Friday's jobs report after the ADP data on Wednesday was a little stronger than trade expectations. Forecasts for Friday's report are for an increase of 169,000 jobs, and a steady unemployment rate at 4.1%. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 317.24 at 44,873.28 and the S&P 500 up 23.60 at 6,061.48. The 10-Year Treasury yield ended at 4.422%. Early Thursday, the March Dow Jones Futures are down 11 points. European markets are higher with the spot futures of London's FTSE 100 trading up 1.29%, spot futures of Germany's DAX is trading up 0.74% and the spot futures of France's CAC 40 Index up 0.54%. Asian markets are higher with Japan's Nikkei 225 Index up 0.61% and China's Shanghai Composite Index up 1.27%.