DTN Early Word Grains 01/20 05:59

DTN Early Word Grains 01/20 05:59 Grains Steady to Lower, Trump Era Begins March corn was steady, March soybeans were down 6 cents, and July Chicago wheat was down 1 cent. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: March corn was steady, March soybeans were down 6 cents, and July Chicago wheat was down 1 cent. CME Globex Recap: Corn and wheat were steady to lower early while soybeans were down 6 cents, easing back from the bullishness seen earlier this week after excess rain damaged fields in Argentina. The U.S. transfers power to a new President Friday with many wondering how grain trade with China will be impacted among other things. OUTSIDE MARKETS: The Dow Jones Industrial Average closed down 72.32 points at 19,732.40. The NASDAQ Composite was down 15.57 points to 5,540.08 and the S&P 500 was down 8.20 points at 2,263.69 Thursday. DJIA futures were down 6 points early Friday morning. Asian markets were mixed with Japan's Nikkei up 65.66 points (.3%), Hong Kong's Hang Seng down 164.05 points (-0.7%), and China's Shanghai Composite up 21.84 points (0.7%). European markets were a little higher Friday with London's FTSE 100 up 4.43 points (0.1%), Germany's DAX up 26.28 points (0.2%), and France's CAC 40 up 19.81 points (0.4%). The U.S. dollar index was up 0.19 at 101.36 while the euro was down 0.00220 at 1.06600. March 30-year T-Bonds were down a full point at 150'02 while February gold was down $1.80 at $1,199.70. March crude oil was up $0.61 at $52.73 while Brent crude was up $0.61 at $54.77. Dalian soybean futures were steady to lower and Malaysian palm oil futures were down 0.8% overnight.