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DTN Early Word Grains 03/21 05:58

21 Mar 2017
DTN Early Word Grains 03/21 05:58 Grains Tiptoe Lower Early May corn was down 1 1/4 cents, May soybeans were down 1 1/2 cents, and May Chicago wheat was down 1 1/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: May corn was down 1 1/4 cents, May soybeans were down 1 1/2 cents, and May Chicago wheat was down 1 1/4 cents. CME Globex Recap: Corn, soybeans, and wheat are all a little lower early after a quiet overnight session. South America's crops remain an ongoing source of bearish pressure as does this week's forecast for rain across the central U.S. OUTSIDE MARKETS: The Dow Jones Industrial Average closed down 8.76 points at 20,905.86. The NASDAQ Composite was up 0.53 points at 5,901.53 and the S&P 500 was down 4.78 points at 2,373.47 Monday. DJIA futures were up 16 points early Tuesday morning. Asian markets were mixed with Japan's Nikkei down 65.71 points (-0.3%), Hong Kong's Hang Seng up 91.13 points (0.4%), and China's Shanghai Composite up 10.80 points (0.3%). European markets were also mixed Tuesday with London's FTSE 100 down 3.39 points (-0.05%), Germany's DAX down 6.78 points (-0.1%), and France's CAC 40 up 12.97 points (0.3%). The U.S. dollar index was down 0.48 at 99.88 while the June euro was up 0.00620 at 1.08430. June 30-year T-Bonds were down 9/32nds at 148'23 while April gold was down $2.80 at $1,231.20. May crude oil was up $0.40 at $49.31 while Brent crude was up $0.40 at $52.02. Soybeans at the Dalian Exchange were steady to lower and Malaysian palm oil futures are up 1.0%.