DTN Early Word Grains 03/10 05:55

DTN Early Word Grains 03/10 05:55 The Sun Will Rise Again May corn was 1 cent lower, May soybeans were 5 cents lower, and July Kansas City (HRW) wheat was fractionally lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent lower, May soybeans were 5 cents lower, and July Kansas City (HRW) wheat was fractionally lower. CME Globex Recap: Grains remained on the defensive overnight into Friday morning, still pressured by reaction to Thursday's bearish round of monthly world supply and demand numbers. Soybeans continue to lead the way, and rightfully so, with corn and wheat quietly following along behind. Outside markets were mixed as the energy complex tried to recover some of this week's sharp sell-off. Gold continued under pressure heading into Friday's February jobs data, itself a lead-in to next week's Federal Reserve meeting and expected interest rate increase. And though financial traders are looking for bullish jobs numbers, the U.S. dollar index is lower while DJIA futures post a solid rally. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 2.46 points higher at 20,858.19. The NASDAQ Composite added 1.26 points to 5,838.81 and the S&P 500 gained 1.89 points to 2,364.87 Thursday. DJIA futures were 66 points higher early Friday morning. Asian markets were mostly higher with Japan's Nikkei up 286.03 points (1.5%), Hong Kong's Hang Seng gaining 67.11 points (0.3%), and China's Shanghai Composite down 3.99 points (0.1%). European markets were also mostly higher Friday with London's FTSE 100 up 32.15 points (0.4%), Germany's DAX gaining 72.98 points (0.6%), and France's CAC 40 up 26.99 points (0.5%). The euro was 0.0031 higher at 1.0608 while the U.S. dollar index lost 0.18 to 101.85. June 30-year T-Bonds were 4/32 lower at 146'22 while April gold fell $6.70 to $1,196.50. Crude oil rallied $0.29 to $49.57 while Brent crude added $0.27 to $52.46. Dalian soybean and Malaysian palm oil futures were both lower overnight.