DTN Early Word Grains 01/06 05:56

DTN Early Word Grains 01/06 05:56 High Anxiety March corn was fractionally lower, March soybeans were 4 cents lower, and March Chicago wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally lower, March soybeans were 4 cents lower, and March Chicago wheat was 1 cent lower. CME Globex Recap: Global markets were on pins and needles last night following reports that North Korea claimed to successfully test a hydrogen bomb. All eyes immediately turned to China who quickly condemned the test. Staying in the Far East, China's Shanghai Composite rallied after China's "National Team" (state owned funds with the sole purpose of supporting the market) stepped in. However, most Asian equity markets were lower. Thee nervousness spilled over into commodities with both grain and energies lower. DJIA futures were indicating the Dow should open down triple-digits Wednesday. OUTSIDE MARKETS: The Dow Jones Industrial Average rallied to close 9.72 higher at 17,158.66 Tuesday while the NASDAQ Composite was down 11.66 points at 4,891.43. DJIA futures were 266 points lower overnight indicating a sharply lower open by the Dow. Asian markets were mostly lower with the Nikkei down 182.68 points at 18,191.32 as China's Shanghai Composite rallied 74.13 points (2.3%) on government support. European markets were also mostly lower. The U.S. dollar index was up 0.055 at 99.459. Crude oil was $0.91 lower at $35.06 while Brent crude was $1.30 lower at $35.12. February gold was $7.10 higher at $1,085.50. Dalian soybean futures and Malaysian palm oil futures were both lower.