DTN Early Word Grains 03/24 05:56

DTN Early Word Grains 03/24 05:56 Soybeans' Bearish Slide Continues May corn was down 1/2 cent, May soybeans were down 7 cents, and May Chicago wheat was up 2 1/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: May corn was down 1/2 cent, May soybeans were down 7 cents, and May Chicago wheat was up 2 1/4 cents. CME Globex Recap: May soybeans were under bearish pressure overnight, trading lower again after falling to a new five-month low on Thursday. Corn is slightly lower and winter wheat modestly higher while March's favorable weather continues to weigh on grain prices. OUTSIDE MARKETS: The Dow Jones Industrial Average closed down 4.72 points at 20,656.58. The NASDAQ Composite was down 3.95 points at 5,817.69 and the S&P 500 was down 2.49 points at 2,345.96 Thursday. DJIA futures were up 28 points early Friday morning. Asian markets were high with Japan's Nikkei up 177.22 points (0.9%), Hong Kong's Hang Seng up 30.57 points (0.1%), and China's Shanghai Composite up 20.90 points (0.6%). European markets were a little lower Friday with London's FTSE 100 down 1.13 points (-0.02%), Germany's DAX down 6.39 points (-0.05%), and France's CAC 40 down 15.04 points (-0.3%). The U.S. dollar index was down 0.11 at 99.65 while the June euro was up 0.00140 at 1.08445. June 30-year T-Bonds were down 5/32nds at 150'12 while April gold was down $3.40 at $1,243.80. May crude oil was up $0.36 at $48.06 while May Brent crude was up $0.35 at $50.91. Soybeans at the Dalian Exchange were steady to lower and Malaysian palm oil futures are down 0.7%.