DTN Early Word Grains 02/07 05:54

DTN Early Word Grains 02/07 05:54 A Stampede of Sloths March corn was fractionally lower, March soybeans were 1 cent lower, and July Kansas City wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally lower, March soybeans were 1 cent lower, and July Kansas City wheat was 2 cents lower. CME Globex Recap: Grains didn't do much overnight, with corn contracts posting a sloth-like 1 1/2-cent trading ranges through early Tuesday. Wheat was little better at 2 cents. Grains were lower with only some members of the global oilseed sector trading higher. The U.S. dollar index posted a strong rally overnight on comments from a Federal Reserve official hinting at a possible March rate hike. Metals and energies were posting losses while DJIA futures rallied. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 19.04 points (0.1%) lower at 20,052.42. The NASDAQ Composite lost 3.21 points to 5,663.55 and the S&P 500 dipped 4.86 points (0.2%) to 2,292.56 Monday. DJIA futures were 59 points higher early Tuesday morning. Asian markets were lower with Japan's Nikkei down 65.93 points (0.3%), Hong Kong's Hang Seng lost 16.67 points (0.1%), and China's Shanghai Composite slid 3.90 points (0.1%). European markets were mostly higher Tuesday with London's FTSE 100 up 41.76 points (0.6%), Germany's DAX adding 54.25 points (0.5%), and France's CAC 40 gaining 7.96 points (0.2%). The U.S. dollar index was 0.772 higher at 100.670 while the euro lost 0.0084 to 1.0667. March 30-year T-Bonds lost 9/32 to 151'08 while April gold dipped $1.50 to $1,230.70. Crude oil dropped $0.17 to $52.84 while Brent crude fell $0.16 to $55.56. Dalian soybean futures and Malaysian palm oil futures were both higher again overnight.