DTN Early Word Grains 02/06 05:56

DTN Early Word Grains 02/06 05:56 Grains, Oilseeds Rebound Overnight March corn was fractionally lower, March soybeans were 4 cents higher, and July Kansas City (HRW) wheat was fractionally higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally lower, March soybeans were 4 cents higher, and July Kansas City (HRW) wheat was fractionally higher. CME Globex Recap: The grain and oilseed complex was mostly higher early Tuesday morning after starting overnight session under pressure once again. Soybeans led the rally, gaining about a nickel, while wheat was a penny higher and corn a halfpenny lower. The U.S. dollar was down, providing support to gold, though the energy complex was unable to find buying interest. The big story remains the Dow, where the Big Board has lost 10% of its value since its high of 26,616.71 on January 26. DJIA futures were down another 110 points overnight. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 1,175.21 points (4.6%) lower at 24,345.75, the NASDAQ Composite lost 273.42 points (3.8%) to 6,967.53, and the S&P 500 fell 113.19 points (4.1%) to 2,648.94 Monday. DJIA futures were 110 points lower early Tuesday morning. Asian markets closed lower with Japan's Nikkei 225 down 1,071.84 points (4.7%), Hong Kong's Hang Seng falling 1,649.80 points (5.1%), and China's Shanghai Composite losing 116.85 points (3.4%). European markets were trading lower with London's FTSE 100 down 133.84 points (1.8%), Germany's DAX falling 239.57 points (1.9%), and France's CAC 40 off 104.99 points (2.0%). The euro was 0.0039 higher at 1.2406 as the U.S. dollar index lost 0.12 to 89.51. March 30-year T-Bonds were 1-3/32 higher at 146'25 while April gold added $9.00 to $1,345.50. Crude oil was $0.46 lower at $63.69 and Brent crude lost $0.52 to $67.10. China's Dalian soybean future were higher and Malaysian palm oil futures were lower overnight.