DTN Early Word Grains 01/10 06:05

DTN Early Word Grains 01/10 06:05 Clockwork Red March corn was 2 cents lower, March soybeans were 6 cents lower, and March Chicago wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 2 cents lower, March soybeans were 6 cents lower, and March Chicago wheat was 2 cents lower. CME Globex Recap: Like clockwork, markets continue in normal weekly cycles with what was up Monday is now down and what was down is now up. Most notable is soybeans with a South American weather market elevating interest. With soybeans down, both wheat and corn were also on the defensive. Meanwhile, energies and softs were mostly higher while metals were mostly lower. Continuing the pattern, DJIA futures were showing small gains while the U.S. dollar index was unchanged. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 76.42 points (0.4%) lower at 19,887.38. The NASDAQ Composite gained 10.72 points (0.2%) to 5,531.82 and the S&P 500 dipped 8.08 points (0.4%) to close at 2,268.90 Monday. DJIA futures were 4 points higher early Tuesday morning. Asian markets were mixed with Japan's Nikkei down 152.89 points (0.8%), Hong Kong's Hang Seng gained 186.16 points (0.8%), and China's Shanghai Composite dropped 9.56 points (0.3%). European markets were mostly higher Tuesday with London's FTSE 100 up 25.46 points (0.4%), Germany's DAX gaining 24.27 points (0.2%), and France's CAC 40 adding 4.64 points (0.1%). The U.S. dollar index was 0.01% higher at 101.85 while the euro was up 0.0016 at 1.0588. March 30-year T-Bonds were off 04/32 at 152'19 while February gold dipped $0.70 to $1,184.20. Crude oil rallied $0.36 to $52.32 while Brent crude was $0.36 higher at $55.30. Dalian soybean and Malaysian palm oil futures were both lower overnight.