DTN Early Word Grains 01/11 05:55

DTN Early Word Grains 01/11 05:55 Red Grains in the Morning, Not Really a Warning March corn was 1 cent lower, March soybeans were 2 cents lower, and March Chicago wheat was 3 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 1 cent lower, March soybeans were 2 cents lower, and March Chicago wheat was 3 cents lower. CME Globex Recap: Grains were red again Wednesday morning, but as Tuesday showed, that doesn't necessarily lead to lower trade over the course of the day. Though off a couple cents, soybeans have posted a solid rally this week ahead of Thursday's USDA reports. Corn and wheat have struggled a bit more. The U.S. dollar index rallied overnight, but not enough to squelch buying interest in outside commodities with softs, metals, and energies all mostly higher. DJIA futures were also showing gains as early Wednesday morning as the Big Board continues to sit below 20,000. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 31.85 points (0.2%) lower at 19,855.53. The NASDAQ Composite gained 20.00 points (0.4%) to 5,551.82 and the S&P 500 was unchanged at 2,268.90 Tuesday. DJIA futures were 15 points higher early Wednesday morning. Asian markets were mostly higher with Japan's Nikkei up 63.23 points (0.3%), Hong Kong's Hang Seng gained 190.50 points (0.8%), and China's Shanghai Composite dropped 24.92 points (0.8%). European markets were also mostly higher Wednesday with London's FTSE 100 up 10.78 points (0.2%), Germany's DAX gaining 34.33 points (0.3%), and France's CAC 40 adding 8.24 points (0.2%). The U.S. dollar index was 0.27 higher at 102.31 while the euro was down 0.0030 at 1.0525. March 30-year T-Bonds were off 3/32 at 152'14 while February gold rallied $3.00 to $1,188.50. Crude oil gained $0.45 to $51.27 while Brent crude was $0.47 higher at $54.11. Dalian soybean and Malaysian palm oil futures were both higher overnight.