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DTN Early Word Grains 03/31 05:55

31 Mar 2017
DTN Early Word Grains 03/31 05:55 The End is Here May corn was 1 cent higher, May soybeans were 2 cents lower, and July Kansas City (HRW) wheat was 1 cent higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent higher, May soybeans were 2 cents lower, and July Kansas City (HRW) wheat was 1 cent higher. CME Globex Recap: The end of March has arrived, bringing with it the triple-witching of the end of the week, month, and quarter. In ag markets, you can also throw in USDA's Quarterly Stocks and Prospective Plantings reports set for release late Friday morning. Ahead of all that most sectors were on the defensive though corn, wheat, and soybean meal were trading higher. Metals were lower again as the U.S. dollar index extended its recent rally overnight while DJIA futures found renewed selling. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 69.17 points (0.3%) higher at 20,728.49. The NASDAQ Composite gained 16.80 points (0.3%) to 5,914.34 and the S&P 500 rallied 6.93 points (0.3%) to 2,368.06 Thursday. DJIA futures were 36 points lower early Friday morning. Asian markets closed mostly lower with Japan's Nikkei down 153.96 points (0.8%), Hong Kong's Hang Seng lost 189.50 points (0.8%), and China's Shanghai Composite up 12.28 points (0.4%). European markets were also mostly lower Friday with London's FTSE 100 down 28.64 points (0.4%), Germany's DAX off 2.10 points, and France's CAC 40 losing 9.03 points (0.2%). The euro was 0.0001 higher at 1.0676 while the U.S. dollar index gained 0.10 to 100.61. June 30-year T-Bonds were 5/32 lower at 150'12 while April gold lost $3.40 to $1,241.60. Crude oil dipped $0.177 to $50.18 while Brent crude slipped $0.29 to $52.67. China's Dalian soybeans saw another solid sell-off overnight while Malaysian palm oil futures were mostly lower.