DTN Early Word Grains 01/05 05:55

DTN Early Word Grains 01/05 05:55 If Nothing Else, Beans are Entertaining March corn was fractionally lower, March soybeans were 6 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 6 cents lower, and March Chicago wheat was 1 cent lower. CME Globex Recap: Soybeans have been a wild ride so far in 2017, with the roller-coaster going down overnight. Corn and wheat continue to follow, though to a smaller degree. Outside markets were mixed with softs mostly lower, metals higher, and energies mixed. DJIA futures were higher again as the quest for 20,000 began again Wednesday. The U.S. dollar index remains under pressure despite the latest Federal Reserve minutes indicating a series of rate increases to come. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 60.42 points (0.3%) higher at 19,942.16. The NASDAQ Composite rallied 47.92 points (0.9%) to 5,477.00 and the S&P 500 added 12.92 points (0.6%) to close at 2,270.75 Wednesday. DJIA futures were unchanged early Thursday morning. Asian markets were mostly higher with Japan's Nikkei down 73.47 points (0.4%), Hong Kong's Hang Seng gained 322.22 points (1.5%), and China's Shanghai Composite rallied 6.62 points (0.2%). European markets were also mostly higher Thursday with London's FTSE 100 adding 0.13 point, Germany's DAX off 9.23 points (0.1%), and France's CAC 40 off 0.75 point. The U.S. dollar index was 0.10 lower at 102.42 while the euro was unchanged at 1.0490. March 30-year T-Bonds were down 4/32 at 150'18 while February gold gained $6.00 to $1,171.30. Crude oil added $0.17 to $53.43 while Brent crude was $0.18 higher at $56.64. Dalian soybean futures were higher while Malaysian palm oil futures were lower again overnight.