DTN Early Word Grains 01/24 05:56

DTN Early Word Grains 01/24 05:56 Grains Flip the Switch, Start Higher March corn was up 3/4 cent, March soybeans were up 7 1/4 cents, and July Chicago wheat was up 1/2 cent. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: March corn was up 3/4 cent, March soybeans were up 7 1/4 cents, and July Chicago wheat was up 1/2 cent. CME Globex Recap: Grains flipped higher overnight with help from a higher close in palm oil futures and are starting Tuesday in the opposition position of where they were 24 hours ago. The U.S. dollar index is also reacting higher after falling to a new six-week low Monday. OUTSIDE MARKETS: The Dow Jones Industrial Average closed down 27.40 points at 19,799.85. The NASDAQ Composite was down 2.39 points at 5,552.94 and the S&P 500 was down 6.11 points at 2,265.20 Monday. DJIA futures were up 1 point early Tuesday morning. Asian markets were mixed with Japan's Nikkei down 103.04 points (-.6%), Hong Kong's Hang Seng up 51.34 points (0.2%), and China's Shanghai Composite up 5.78 points (0.2%). European markets were higher Tuesday with London's FTSE 100 up 17.33 points (0.2%), Germany's DAX up 34.31 points (0.3%), and France's CAC 40 up 11.64 points (0.3%). The U.S. dollar index was up 0.41 at 100.34 while the euro was down 0.00180 at 1.07500. March 30-year T-Bonds were down a half-point at 151'16 while February gold was down $4.10 at $1,211.50. March crude oil was up $0.20 at $52.95 while Brent crude was up $0.14 at $55.37. Dalian soybean futures were steady to higher and Malaysian palm oil futures were up 1.9%.