DTN Early Word Grains 02/02 05:54

DTN Early Word Grains 03/12 06:52 A Lower Start to the Week May corn was 2 cents lower, May soybeans were 1 cent lower, and July Kansas City (HRW) wheat was 5 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 2 cents lower, May soybeans were 1 cent lower, and July Kansas City (HRW) wheat was 5 cents lower. CME Globex Recap: Commodities in general, including the grain and oilseed complex, were lower overnight into early Monday morning. Pressure wasn't tied to the U.S. dollar, as its index was also showing a small loss to start the week. DJIA futures were higher once again, hinting at an extension of the 400 point-plus rally seen last Friday. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 440.53 points (1.8%) higher at 25,335.74, the NASDAQ Composite gained 132.86 points (1.8%) to 7,560.81, and the S&P 500 rallied 47.60 points (1.7%) to 2,786.57 Friday. DJIA futures were 87 points higher early Monday morning. Asian markets closed higher with Japan's Nikkei 225 up 354.83 points (1.6%), Hong Kong's Hang Seng gaining 598.12 points (1.9%), and China's Shanghai Composite adding 19.53 points (0.6%). European markets were trading mostly higher with London's FTSE 100 off 3.22 points, Germany's DAX up 72.16 points (0.6%), and France's CAC 40 up 9.77 points (0.2%). The euro was 0.0007 higher at 1.2314 while the U.S. dollar index slipped 0.04 to 90.07. March 30-year T-Bonds were unchanged at 144'05 while April gold dropped $6.10 to $1,318.00. Crude oil was $0.33 lower at $61.71 as Brent crude dipped $0.40 to $65.09. China's Dalian soybean futures were lower and Malaysian palm oil futures were mixed overnight.