DTN Early Word Grains 02/07 06:26

DTN Early Word Grains 02/07 06:26 Grain Markets Mixed Friday With Corn, Soybeans Lower, Correcting Recent Gains March corn is down 2 1/4 cents per bushel, March soybeans are down 4 1/2 cents, March KC wheat is up 1/2 cent, March Chicago wheat is down 2 1/4 cents and March Minneapolis wheat is steady. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is down 2 1/4 cents per bushel, March soybeans are down 4 1/2 cents, March KC wheat is up 1/2 cent, March Chicago wheat is down 2 1/4 cents and March Minneapolis wheat is steady. CME GLOBEX RECAP: World equity markets are mostly mixed and quiet Friday morning, as traders await the U.S. jobs report that will be released at 7:30 a.m. CST. Expectations are for 169,000 new jobs, although the ADP employment figure on Wednesday implied a larger number. The unemployment rate is expected to remain steady at 4.1%. Thursday's data was a little negative for the economy, with weekly jobless claims higher than trade expectations and productivity a little lower. Slightly weaker data has been embraced by the market as it raises the likelihood of more rate cuts from the Federal Reserve. OUTSIDE MARKETS: Previous close Thursday showed the Dow Jones Industrial Average down 125.65 at 44,747.63 and the S&P 500 up 22.09 at 6,083.57, the 10-Year Treasury yield ended at 4.44%. Early Friday, the March Dow Jones Futures are up 23 points. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.41%, spot futures of Germany's DAX trading up 0.06% and the spot futures of France's CAC 40 Index down 0.07%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.72% and China's Shanghai Composite Index up 1.01%.