DTN Early Word Grains 01/25 05:55

DTN Early Word Grains 01/25 05:55 Grains Lower as U.S. Trade Policies Change Direction March corn was down 1 cent, March soybeans were down 5 1/4 cents, and July Chicago wheat was down 3 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: March corn was down 1 cent, March soybeans were down 5 1/4 cents, and July Chicago wheat was down 3 cents. CME Globex Recap: All three grains were starting lower Wednesday, falling back from recent highs with no production threats imminent and ag groups understandably nervous about changes in the direction of U.S. trade policy. The U.S. dollar index is down 0.20, but most other commodities are also lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed up 112.86 points at 19,912.71. The NASDAQ Composite was up 48.02 points at 5,600.96 and the S&P 500 was up 14.87 points at 2,280.07 Tuesday. DJIA futures were up 61 points early Wednesday morning. Asian markets were higher with Japan's Nikkei up 269.51 points (1.4%), Hong Kong's Hang Seng up 99.26 points (0.4%), and China's Shanghai Composite up 7.00 points (0.4%). European markets were also higher Wednesday with London's FTSE 100 up 19.16 points (0.3%), Germany's DAX up 141.32 points (1.2%), and France's CAC 40 up 48.12 points (1.0%). The U.S. dollar index was down 0.20 at 100.01 while the euro was up 0.30500 at 1.07735. March 30-year T-Bonds were down 4/32nds at 150'15 while February gold was down $7.60 at $1,203.20. March crude oil was down $0.59 at $52.59 while Brent crude was down $0.64 at $54.80. Dalian soybean futures were lower and Malaysian palm oil futures were down 0.7%.