DTN Early Word Grains 03/29 05:54

DTN Early Word Grains 03/29 05:54 Opening Day May corn was 1 cent higher, May soybeans were fractionally lower, and July Kansas City (HRW) wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent higher, May soybeans were fractionally lower, and July Kansas City (HRW) wheat was 2 cents higher. CME Globex Recap: Thursday has finally rolled around, bringing with it USDA's Quarterly Stocks and Prospective Plantings reports. And baseball. We can't forget about the baseball. The former (USDA reports) had the grain and oilseed complex quiet overnight with corn and wheat up a couple cents while and soybeans within fractions of Wednesday's close. Outside markets were mixed with DJIA futures showing gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 9.29 points lower at 23,8488.42, the NASDAQ Composite lost 69.58 points (0.9%) to 6,949.23, and the S&P 500 dipped 7.62 points (0.3%) to 2,605.00 Wednesday. DJIA futures were 70 points higher early Thursday morning. Asian markets closed mostly higher with Japan's Nikkei 225 up 127.77 points (0.6%), Hong Kong's Hang Seng gaining 70.85 points (0.2%), and China's Shanghai Composite climbing 38.24 points (1.2%). European markets were trading higher with London's FTSE 100 up 24.25 points (0.3%), Germany's DAX rallying 85.45 points (0.7%), and France's CAC 40 adding 29.23 points (0.6%). The euro was 0.0002 higher at 1.2311 while the U.S. dollar index dipped 0.02 to 90.06. June 30-year T-Bonds were 1/32 higher at 145'29 while April gold lost another $0.20 to $1,324.00. Crude oil was $0.10 higher at $64.48 as Brent crude slipped $0.13 to $69.40. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight.