DTN Early Word Grains 03/14 05:57

DTN Early Word Grains 03/14 05:57 Storm's a Brewin' May corn was 1 cent lower, May soybeans were 5 cents lower, and July Kansas City (HRW) wheat was fractionally higher. 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 higher. CME Globex Recap: As the U.S. Northeast gets slammed by a major winter storm, markets in general continued to churn as the Federal Reserve gets set to begin its two-day meeting that is expected to end with an announced increase in interest rates. Grains were lower as trends have all turned down, while energies recovered most of Monday's modest sell-off. Financial markets were mixed with gold and DJIA futures under pressure while the U.S. dollar index rallied. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 21.50 points (0.1%) lower at 20,881.48. The NASDAQ Composite added 14.06 points (0.2%) to 5,875.78 and the S&P 500 gained 0.87 point to 2,373.47 Monday. DJIA futures were 30 points lower early Tuesday morning. Asian markets were mixed with Japan's Nikkei down 24.25 points (0.1%), Hong Kong's Hang Seng losing 1.72 points, and China's Shanghai Composite adding 2.30 points (0.1%). European markets were mostly lower Tuesday with London's FTSE 100 up 12.02 points (0.2%), Germany's DAX off 4.34 points, and France's CAC 40 down 10.65 points (0.2%). The euro was 0.0011 lower at 1.0641 while the U.S. dollar index gained 0.22 to 101.59. June 30-year T-Bonds were 11/32 lower at 146'01 while April gold lost $0.50 to $1,202.60. Crude oil rallied $0.18 to $48.58 while Brent crude added $0.27 to $51.62. Dalian soybean futures were lower while Malaysian palm oil futures were higher overnight.