DTN Early Word Grains 03/09 05:55

DTN Early Word Grains 03/09 05:55 Just Another Day May corn was 1 cent lower, May soybeans were 3 cents 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 3 cents lower, and July Kansas City (HRW) wheat was 2 cents lower. CME Globex Recap: Grain markets were lower again early Thursday morning, just like any other day so far this week. Soybeans once again led the sell-off, doing some short-term technical chart damage along the way. Corn and wheat followed, with little else to get excited about, as traders wait for the release of USDA's March Supply and Demand numbers. Outside markets were also lower with pressure seen in energies, metals, and softs. Only sugar was able to post a small rally on light commercial buying. DJIA futures were lower, hinting at continued pressure on the Big Board later in the morning, while the U.S. dollar index softened slightly. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 69.03 points (0.3%) higher at 20,855.73. The NASDAQ Composite added 3.62 points to 5,837.55 and the S&P 500 fell 5.41 points (0.2%) to 2,362.98 Wednesday. DJIA futures were 37 points lower early Thursday morning. Asian markets were mostly lower with Japan's Nikkei up 64.55 points (0.3%), Hong Kong's Hang Seng off 280.71 points (1.1%), and China's Shanghai Composite down 23.92 points (0.7%). European markets were also mostly lower Thursday with London's FTSE 100 off 54.68 points (0.8%), Germany's DAX losing 30.08 points (0.3%), and France's CAC 40 down 14.65 points (0.3%). The euro was 0.0017 higher at 1.0549 while the U.S. dollar index dipped 0.06 to 102.06. June 30-year T-Bonds were 2/32 lower at 147'27 while April gold lost $4.90 to $1,204.50. Crude oil fell another $1.11 to $49.17 while Brent crude dropped $1.11 to $52.00. Dalian soybean futures were mixed again while Malaysian palm oil futures were lower overnight.