DTN Early Word Grains 02/11 05:58

DTN Early Word Grains 02/11 05:58 Grains Resist Outside Concerns March corn was 1/4 cent lower, March soybeans were 1 3/4 cents higher, and March Chicago wheat was 1 3/4 cents higher. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: March corn was 1/4 cent lower, March soybeans were 1 3/4 cents higher, and March Chicago wheat was 1 3/4 cents higher. CME Globex Recap: Grains were mixed early Thursday in spite of a sell-off in European bank stocks after Societe Generale reported disappointing earnings. Selling spread through U.S. and European stock markets, negatively affected crude oil, and may still exert a bearish influence on grain prices later Thursday. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 99.64 points lower at 15,914.74, the NASDAQ Composite was up 14.83 points at 4,283.59, and the S&P 500 fell .35 to close at 1,851.86 Wednesday. DJIA futures were 317 points lower overnight. Asian markets were mostly lower with the Nikkei down another 390 points (2.5%). European markets were lower with London's FTSE 100 down 119 points (2.1%). The U.S. dollar index was 0.37 lower at 95.52. Crude oil was down $0.97 at $26.48 while Brent crude was down $0.43 to $30.41. April gold was $32.40 higher at $1,227.00. Malaysian palm oil futures were up 1.1%.