DTN Early Word Grains 02/24 05:54

DTN Early Word Grains 02/24 05:54 Grains Stabilize Overnight May corn was fractionally higher, May soybeans were 3 cents higher, and July Kansas City wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally higher, May soybeans were 3 cents higher, and July Kansas City wheat was 2 cents lower. CME Globex Recap: Soybeans and corn were showing small gains early Friday morning, recovering a small part of Thursday's sell-off. Wheat contracts were under pressure, led by the Kansas City market. Outside commodities were mixed with energies mostly lower, metals higher, and softs mostly higher. In that latter group, cotton continues to see strong commercial buying. The U.S. dollar index and DJIA futures were both lower overnight. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 34.72 points (0.2%) higher at 20,810.32. The NASDAQ Composite lost 25.12 points (0.4%) to 5,835.51 and the S&P 500 added 0.99 point to 2,363.81 Thursday. DJIA futures were 61 points lower early Friday morning. Asian markets were mostly lower with Japan's Nikkei down 87.92 points, Hong Kong's Hang Seng lost 149.16 points (0.6%), and China's Shanghai Composite gained 2.06 points. European markets were lower Friday with London's FTSE 100 down 45.08 points (0.6%), Germany's DAX losing 103.92 points (0.9%), and France's CAC 40 off 46.96 points (1.0%). The euro posted a small gain, adding 0.0007 to 1.0590 while the U.S. dollar index dipped 0.10 to 100.88. March 30-year T-Bonds were 10/32 higher at 152'04 while April gold gained $6.10 to $1,257.50. Crude oil slipped $0.29 to $54.16 while Brent crude fell $0.33 to $56.25. Dalian soybean futures were lower while Malaysian palm oil futures were higher overnight.