DTN Early Word Grains 02/14 05:51

DTN Early Word Grains 02/14 05:51 Row-Crop Markets Firm as Argentina Crop Conditions Slide March corn is up 4 1/4 cents and March soybeans are up 10 1/2 cents. March KC wheat is up 9 3/4 cents, March Chicago wheat is down 11 cents, and March Minneapolis wheat is up 9 1/4 cents. Rhett Montgomery DTN Lead Analyst CME GLOBEX RECAP: March corn is up 4 1/4 cents and March soybeans are up 10 1/2 cents. March KC wheat is up 9 3/4 cents, March Chicago wheat is down 11 cents, and March Minneapolis wheat is up 9 1/4 cents. Grain markets are firmer through the overnight session Friday morning, with corn and wheat on their way to posting positive weekly moves despite a bumpy midweek. Soybean futures are working toward a two-day win streak to finish a week that saw prices trade lower but the strong move higher overnight thus far stands to cut into those losses. In reports Friday, the Mato Grosso Institute of Agricultural Economics (IMEA) will release their weekly crop progress report at 1 p.m. CST, which will update the market on soybean harvest and safrinha corn planting in Brazil's top-producing state. Also Friday afternoon, the CFTC will release the weekly Commitments of Traders report which will give insights into speculative positions as of Tuesday, February 11. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 342.87 points to 44,711.43 and the S&P 500 Index up 63.10 at 6,115.07. The 10-Year Treasury yield ended at 4.53%. Early Friday, March Dow Jones futures are down 158 points. European markets are mixed to slightly higher with the spot futures of the London FTSE 100 trading down 0.15%, spot futures of Germany's DAX trading down 0.34% and spot futures of France's CAC Index trading up 1.49%. Asian markets are mixed with Japan's Nikkei 225 index down 0.79% and China's Shanghai Composite Index up 0.43%.