DTN Early Word Grains 01/30 05:57

DTN Early Word Grains 01/30 05:57 Welcome Back, Kotter March corn was 3 cents lower, March soybeans were 13 cents lower, and July Kansas City wheat was 4 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 3 cents lower, March soybeans were 13 cents lower, and July Kansas City wheat was 4 cents lower. CME Globex Recap: Grains were under pressure early Monday, with contracts not far from overnight session lows. Much of the selling was likely noncommercial, particularly in corn and soybeans following last Friday's CFTC Commitments of Traders report that showed this group adding to their net-long futures positions. Grains lost ground despite a flat U.S. dollar index that helped both crude oil and gold trade higher. DJIA futures were also under light pressure. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 7.13 points lower at 20,093.78. The NASDAQ Composite gained 5.61 points (0.1%) to 5,660.78 and the S&P 500 was off 1.99 points (0.1%) at 2,294.69 Friday. DJIA futures were 45 points lower early Monday morning. Asian markets were mixed with Japan's Nikkei down 98.55 points (0.5%). Hong Kong's Hang Seng and China's Shanghai Composite were both closed for holiday. European markets were lower Monday with London's FTSE 100 down 58.91 points (0.8%), Germany's DAX off 89.84 points (0.8%), and France's CAC 40 losing 42.93 points (0.9%). The U.S. dollar index was unchanged at 100.56 while the euro was off 0.0004 at 1.0694. March 30-year T-Bonds lost 5/32 to 150'07 while April gold rallied $1.60 to $1,192.70. Crude oil gained $0.20 to $53.37 while Brent crude was $0.04 higher at $55.56. Dalian soybean and Malaysian palm oil futures were both closed for holiday.