DTN Early Word Grains 03/16 05:55

DTN Early Word Grains 03/16 05:55 Wearing of the Green, a Day Early May corn was 2 cents higher, May soybeans were 6 cents higher, and July Kansas City (HRW) wheat was 2 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 2 cents higher. CME Globex Recap: Commodities in general were nearly all wearing green early Thursday, the day before St. Patty's Day. Two notables that weren't were canola, after showing good strength recently versus soybeans, and the famed "Widow Maker" natural gas. Gold was sporting a solid double-digit rally, building on its move following Wednesday's interest rate increase by the U.S. Federal Reserve. In fact, most markets moved the opposite direction of what would've been expected and continue in those same trends. The only market showing different was the U.S. dollar index, recovering a small part of its Wednesday sell-off. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 112.73 points (0.5%) higher at 20,950.10. The NASDAQ Composite gained 43.23 points (0.7%) to 5,900.05 and the S&P 500 rallied 19.81 points (0.8%) to 2,385.26 Wednesday. DJIA futures were 69 points higher early Thursday morning. Asian markets were higher with Japan's Nikkei up 12.76 points, Hong Kong's Hang Seng gained 495.43 points (2.1%), and China's Shanghai Composite rallied 27.18 points (0.8%). European markets were also higher Thursday with London's FTSE 100 gaining 71.51 points (1.0%), Germany's DAX adding 118.89 points (1.0%), and France's CAC 40 rallying 41.92 points (0.8%). The euro was 0.0013 lower at 1.0721 while the U.S. dollar index added 0.07 to 100.61. June 30-year T-Bonds were 18/32 lower at 147'23 while April gold gained $23.50 to $1,224.20. Crude oil rallied $0.43 to $49.29 while Brent crude added $0.48 to $52.29. Dalian soybean futures were lower while Malaysian palm oil futures were higher again overnight.