DTN Early Word Grains 03/23 05:56

DTN Early Word Grains 03/23 05:56 Grains Mostly Lower... Again May corn was down 1/2 cent, May soybeans were down 4 1/2 cents, and May Chicago wheat was up 1/2 cent. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: May corn was down 1/2 cent, May soybeans were down 4 1/2 cents, and May Chicago wheat was up 1/2 cent. CME Globex Recap: In spite of a slight gain in wheat, all three grains remain under bearish pressure early Thursday with market weather factors still bearish and palm oil futures lower overnight. Thursday morning's export sales report holds extra interest for soybeans. OUTSIDE MARKETS: The Dow Jones Industrial Average closed down 6.71 points at 20,661.30. The NASDAQ Composite was up 27.81 points at 5,821.64 and the S&P 500 was up 4.43 points at 2,348.45 Wednesday. DJIA futures were down 5 point early Thursday morning. Asian markets were a little higher with Japan's Nikkei up 43.93 points (0.2%), Hong Kong's Hang Seng up 7.29 points (0.03%), and China's Shanghai Composite up 3.33 points (0.1%). European markets were also mixed Thursday with London's FTSE 100 down 13.65 points (-0.2%), Germany's DAX up 18.19 points (0.15%), and France's CAC 40 down 8.73 points (-0.2%). The U.S. dollar index was up 0.11 at 99.83 while the June euro was down 0.00270 at 1.08170. June 30-year T-Bonds were down 5/32nds at 150'20 while April gold was down $3.40 at $1,246.30. May crude oil was up $0.24 at $48.28 while Brent crude was up $0.40 at $51.04. Soybeans at the Dalian Exchange were steady to lower and Malaysian palm oil futures are down 2.2%.