DTN Early Word Grains 02/13 05:56

DTN Early Word Grains 02/13 05:56 Monday the 13th: The Backside of a Harvest Weekend March corn was fractionally lower, March soybeans were 6 cents lower, 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 lower, March soybeans were 6 cents lower, and July Kansas City wheat was 1 cent lower. CME Globex Recap: Harvest weekends, in this case South American, tend to have offsetting, bookending trade in grains. And with last Friday's session showing a solid rally in corn and soybeans, it's not overly surprising the overnight session saw both markets come under pressure. Wheat was also lower, with all three markets showing small losses early Monday. Outside commodities were mixed with metals mostly higher, softs mixed, and energies mostly lower. Both the U.S. dollar index and DJIA futures were showing early gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 96.97 points (0.5%) higher at 20,269.37. The NASDAQ Composite gained 18.95 points (0.3%) to 5,734.13 and the S&P 500 added 8.23 points (0.4%) to 2,316.10 Friday. DJIA futures were 37 points higher early Monday morning. Asian markets were higher with Japan's Nikkei up 80.22 points (0.4%), Hong Kong's Hang Seng gained 136.00 points (0.6%), and China's Shanghai Composite added 20.14 points (0.6%). European markets were also higher Monday with London's FTSE 100 up 0.45 point, Germany's DAX gaining 65.41 points (0.6%), and France's CAC 40 up 34.81 points (0.7%). The euro was unchanged at 1.0641 while the U.S. dollar index added 0.07 to 100.77. March 30-year T-Bonds were 14/32 lower at 151'15 while April gold fell $4.10 to $1,231.80. Crude oil lost $0.36 to $53.50 while Brent crude fell $0.39 to $56.31. Dalian soybean futures were slightly higher while March Malaysian palm oil futures lost 24 ringgits overnight.