DTN Early Word Grains 01/31 05:55

DTN Early Word Grains 01/31 05:55 Not Much of a Turnaround Early Tuesday March corn was fractionally higher, March soybeans were 1 cent higher, and July Kansas City wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally higher, March soybeans were 1 cent higher, and July Kansas City wheat was 1 cent lower. CME Globex Recap: Corn and soybeans were showing small gains early Tuesday morning in response to Monday's sharp sell-off. Winter wheat was fractionally lower. Outside markets were mixed once again with energies mostly lower and metals higher. The U.S. dollar index was showing a small gains while DJIA futures continue under pressure. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 122.65 points (0.6%) lower at 19,971.13. The NASDAQ Composite lost 47.07 points (0.8%) to 5,613.71 and the S&P 500 was off 13.79 points (0.6%) at 2,280.90 Monday. DJIA futures were 24 points lower early Tuesday morning. Asian markets were lower with Japan's Nikkei down 327.51 points (1.7%). Hong Kong's Hang Seng and China's Shanghai Composite were both closed for holiday. European markets were mostly higher Tuesday with London's FTSE 100 up 35.23 points (0.5%), Germany's DAX rallying 22.57 points (0.2%), and France's CAC 40 gaining 14.63 points (0.3%). The U.S. dollar index was 0.07 higher at 100.44 while the euro gained 0.0010 to 1.0704. March 30-year T-Bonds lost 8/32 to 150'00 while April gold rallied $3.50 to $1,199.50. Crude oil was off $0.25 to $52.38 while Brent crude dipped $0.02 to $55.21. Dalian soybean futures remain closed for holiday Malaysian palm oil futures were lower overnight.