DTN Early Word Grains 03/05 05:54

DTN Early Word Grains 03/05 05:54 A Change of Pace Early Monday May corn was fractionally lower, May soybeans were 1 cent lower, and July Kansas City (HRW) wheat was 3 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally lower, May soybeans were 1 cent lower, and July Kansas City (HRW) wheat was 3 cents lower. CME Globex Recap: A weekend full of pundits and economists talking about the merits and problems of an import tariff led to markets looking tired overnight into Monday morning. Despite no change in weather across the U.S. Southern Plains and Argentina, the grain and oilseed complex saw an initial rally erased. DJIA futures were under pressure, again, while the U.S. dollar index moved from slightly lower to slightly higher. Gold and crude oil were still showing small, uninspired gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 70.92 points (0.3%) lower at 24,538.06, the NASDAQ Composite gained 77.31 points (1.1%) to 7,257.87, and the S&P 500 rallied 13.58 points (0.5%) to 2,691.25 Friday. DJIA futures were 26 points lower early Monday morning. Asian markets closed mostly lower with Japan's Nikkei 225 down 139.55 points (0.7%), Hong Kong's Hang Seng falling 697.06 points (2.3%), and China's Shanghai Composite up 2.40 points. European markets were trading mostly higher with London's FTSE 100 up 29.38 points (0.4%), Germany's DAX gaining 107.68 points (0.9%), and France's CAC 40 adding 23.93 points (0.5%). The euro was 0.0012 lower at 1.2309 while the U.S. dollar index gained 0.04 to 90.02. March 30-year T-Bonds were 5/32 higher at 144'19 while April gold added $3.30 to $1,326.70. Crude oil was $0.33 higher at $61.58 as Brent crude rallied $0.23 to $64.60. China's Dalian soybean futures were mostly lower and Malaysian palm oil futures were lower overnight.