DTN Early Word Grains 03/15 05:55

DTN Early Word Grains 03/15 05:55 Beware the (Interest Rate) Rise of March May corn was 2 cents higher, May soybeans were 6 cents higher, and July Kansas City (HRW) wheat was 6 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 2 cents higher, May soybeans were 6 cents higher, and July Kansas City (HRW) wheat was 6 cents higher. CME Globex Recap: Commodities were mostly higher overnight, recovering from the sell-off by the complex early in the week. Some of the support was tied to a lower U.S. dollar index as it pulls back from Tuesday's high, and a rally in DJIA futures. Still, traders may be cautious as Wednesday progresses ahead of Chairwoman Yellen's expected announcement of an interest rate increase. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 44.11 points (0.2%) lower at 20,837.37. The NASDAQ Composite dropped 18.97 points (0.3%) to 5,856.82 and the S&P 500 lost 8.02 points (0.3%) to 2,365.45 Tuesday. DJIA futures were 29 points higher early Wednesday morning. Asian markets were mostly lower with Japan's Nikkei down 32.12 points (0.1%), Hong Kong's Hang Seng off 35.10 points (0.1%), and China's Shanghai Composite up 2.43 points (0.1%). European markets were mostly higher Wednesday with London's FTSE 100 gaining 20.66 points (0.3%), Germany's DAX adding 11.71 points (0.1%), and France's CAC 40 rallying 5.93 points (0.1%). The euro was 0.0021 higher at 1.0625 while the U.S. dollar index dipped 0.12 to 101.58. June 30-year T-Bonds were 5/32 higher at 147'00 while April gold lost $1.50 to $1,201.10. Crude oil rallied $0.84 to $48.56 while Brent crude added $0.76 to $51.65. Dalian soybean futures were lower while Malaysian palm oil futures were higher again overnight.