DTN Early Word Grains 01/12 05:56

DTN Early Word Grains 01/12 05:56 Red Grains on Report Morning, Still Not a Warning March corn was 1 cent lower, March soybeans were 2 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 1 cent lower, March soybeans were 2 cents lower, and March Chicago wheat was 2 cents lower. CME Globex Recap: Grains were quietly lower earl Thursday morning as markets await the release of USDA's January reports. Outside markets were dominated by sharp sell-offs in Japan's Nikkei and the U.S. dollar index. The former had DJIA futures under pressure while the latter added support to metals, energies, softs. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 98.75 points (0.5%) higher at 19,954.28. The NASDAQ Composite gained 11.83 points (0.2%) to 5,563.65 and the S&P 500 was up 6.42 points (0.3%) at 2,275.32 Wednesday. DJIA futures were 50 points lower early Thursday morning. Asian markets were mostly lower with Japan's Nikkei down 229.97 points (1.2%), Hong Kong's Hang Seng lost 106.33 points (0.5%), and China's Shanghai Composite dropped 17.46 points (0.6%). European markets were also mostly lower Thursday with London's FTSE 100 down 13.16 points (0.2%), Germany's DAX losing 52.22 points (0.5%), and France's CAC 40 off 7.36 points (0.2%). The U.S. dollar index was 0.71 lower at 101.02 while the euro was up 0.0064 at 1.0645. March 30-year T-Bonds gained 24/32 at 153'18 while February gold rallied $8.20 to $1,204.80. Crude oil gained $0.40 to $52.65 while Brent crude was $0.53 higher at $55.63. Dalian soybean and Malaysian palm oil futures were both lower overnight.