DTN Early Word Grains 03/01 05:58

DTN Early Word Grains 03/01 05:58 The First of Spring Finds Some Green May corn was 1 cent higher, May soybeans were 4 cents higher, and July Kansas City wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent higher, May soybeans were 4 cents higher, and July Kansas City wheat was 1 cent lower. CME Globex Recap: Commodity markets were mostly higher Tuesday morning, March 1, the first day of meteorological spring. In grains it was mostly a case of "Turnaround Tuesday" to start the new month with corn, soybeans, and wheat all erasing (for the most part) Monday's moves. However, crude oil was able to build on its bullish close to February while gold continue to chug higher. Speaking of continuing higher, the U.S. dollar index rallied again through early Tuesday morning while DJIA futures posted solid triple-digit gains. All this after China reported another bearish manufacturing PMI number for February. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 123.47 points lower at 16,516.50, the NASDAQ Composite was down 32.52 points at 4,557.95, and the S&P 500 fell 15.82 points to close at 1,932.23 Monday. DJIA futures were 115 points higher overnight. Asian markets were higher with the Nikkei up 58.75 points (0.4%) while China's Shanghai Composite gained 45.19 points (1.7%). European markets were also higher with London's FTSE 100 up 32.00 points (0.5%). The U.S. dollar index was 0.062 higher at 98.273. Crude oil was up $0.55 at $34.30 while Brent crude rallied $0.34 to $36.91. April gold was $6.70 higher at $1,241.10. China's Dalian soybean futures were mostly higher while Malaysian palm oil futures were lower.