DTN Early Word Grains 03/08 05:59

DTN Early Word Grains 03/08 05:59 Grains Red Again May corn was 1 cent lower, May soybeans were 1 cent lower, and July Kansas City (HRW) wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent lower, May soybeans were 1 cent lower, and July Kansas City (HRW) wheat was 2 cents lower. CME Globex Recap: Grain markets were lower again overnight with contracts sitting at or near session lows early Wednesday morning. Outside markets were mostly lower as well, with crude oil and gold both showing losses while the soft complex was mixed. Of the latter, cotton continues to come under pressure. Both the U.S. dollar index and DJIA futures were showing small gains as traders continue to wait for Friday's February jobs data. Next week brings the expected announcement of an interest rate hike by the Federal Reserve. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 29.58 points (0.1%) lower at 20,924.58. The NASDAQ Composite lost 15.25 points (0.3%) to 5,833.93 and the S&P 500 fell 6.92 points (0.3%) to 2,368.39 Tuesday. DJIA futures were 4 points higher early Wednesday morning. Asian markets were mostly lower with Japan's Nikkei down 90.12 points (0.5%), Hong Kong's Hang Seng gained 101.20 points (0.4%), and China's Shanghai Composite lost 1.74 points. European markets were mixed Wednesday with London's FTSE 100 down 1.42 points, Germany's DAX gaining 35.42 points (0.3%), and France's CAC 40 off 4.41 points (0.1%). The euro was 0.0008 lower at 1.0560 while the U.S. dollar index gained 0.11 to 101.93. June 30-year T-Bonds were 19/32 lower at 148'08 while April gold lost $2.70 to $1,213.40. Crude oil fell $0.42 to $52.72 while Brent crude slipped $0.35 to $55.57. Dalian soybean futures were mixed while Malaysian palm oil futures were higher overnight.