DTN Early Word Grains 02/07 06:01

DTN Early Word Grains 02/07 06:01 Weaker Grain Markets as Bulls Run Out of Feed March corn is down 3/4 cents per bushel, March soybeans are down 1 1/4 cents, and March K.C. wheat is down 4 1/2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn is down 3/4 cents per bushel, March soybeans are down 1 1/4 cents, and March K.C. wheat is down 4 1/2 cents. CME Globex Recap: Equity markets around the globe are taking a breather after the S&P 500 otched impressive gains this week. The U.S. Dollar Index continues to quietly strengthen, adding pressure to the commodity sector. Grain markets are softer, but still inside recent ranges as we await additional export sales information Thursday morning and a slew of USDA reports on Friday. The iron-clad ranges which have been present for months could be ripe for breakouts depending on how aggressive the USDA gets in their first gig back since December. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average down 21.22 at 25,390.30 and the S&P 500 down 6.09 at 2,737.70 while the 10-Year Treasury yield ended at 2.702%. Early Thursday, the March DJIA futures are down 142 points. Asian markets are lower with Japan's Nikkei 225 down 122.78 (-0.59%) and China's Shanghai Composite is closed. European markets are lower with London's FTSE 100 down 20.28 points (-0.28%), Germany's DAX down 146.84 points (-1.3%) and France's CAC 40 down 34.66 points (-0.68%). The March Euro is down 0.004 at 1.140 and the March U.S. dollar index is up 0.233 at 96.385. The March 30-Year T-Bond is up 17/32nds, while April gold is down $3.70 at $1,310.70 and March crude oil is down $0.32 at $53.69. China's Dalian Exchange is closed.