DTN Early Word Grains 01/07 05:52

DTN Early Word Grains 01/07 05:52 Grains Soft to Close First Week of 2022 March corn is down 1 cent per bushel, March soybeans are down 4 cents, and March KC wheat is down 10 1/2 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: March corn is down 1 cent per bushel, March soybeans are down 4 cents, and March KC wheat is down 10 1/2 cents. CME Globex Recap: Quiet trade in equity markets around the globe overnight with U.S. futures attempting to close the first week of trade in 2022 higher. Energy markets continue to rally on the unrest in Kazakhstan, especially after the Wall Street Journal reported Kazakhstan's president said he has ordered the police and army to shoot without warning as security forces look to end days of violent unrest. Oil production at Kazakhstan's largest field was reduced on Thursday due to the unrest according to Chevron. With oil over $80.00, we would expect to hear some teeth gnashing from the White House. The U.S. Dollar Index is slightly lower overnight. Metals are mixed with gold and copper higher while silver trades lower. Grain markets are mostly weaker across the board with wheat markets once again leading downside pressure. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 170.64 at 36,236.47 and the S&P 500 down 4.53 at 4,700.58 while the 10-Year Treasury yield ended at 1.733%. Early Friday, the March DJIA futures are up 62 points. Asian markets are lower with Japan's Nikkei 225 down 9.31 (-0.03%) and China's Shanghai Composite down 6.54 points (-0.18%). European markets are lower with London's FTSE 100 down 2.22 points (-0.03%), Germany's DAX down 62.32 points (-0.39%) and France's CAC 40 down 10.97 points (-0.15%). The March Euro is up 0.002 at 1.130 and the March U.S. dollar index is down 0.201 at 96.125. The March 30-Year T-Bond is up 3/32nds, while February gold is up $1.80 at $1,791.00 and February crude oil is up $0.84 at $80.30. Soybeans on China's Dalian Exchange were down 0.42% while soybean meal was down 0.7% and corn was down 0.45%.