DTN Early Word Grains 03/14 10:02

DTN Early Word Grains 03/14 10:02 Grain Prices Slightly Lower Again on Continued Liquidation May corn is down 2 cents, May soybeans are down 2 cents and May KC wheat is down 3 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: May corn is down 2 cents, May soybeans are down 2 cents and May KC wheat is down 3 cents. CME GLOBEX RECAP: The failure of two banks this weekend and the response by the U.S. Treasury and FDIC brought significant volatility into the outside markets Monday. Many markets shrugged off the most bearish implications of a market contagion and began to focus on the lower interest rates and the resulting lower dollar. All things being equal, the weaker dollar should provide some support to U.S. commodities. However, the "marked to market" impact of higher interest rates on U.S. banks uncovered an issue that traders fear may impact the economy. That has driven down interest rates sharply over the past few trading sessions which helped equity prices come off their lows made early in Monday's session. With the CPI out Tuesday morning, the outlook for rates could change quickly in a couple of hours. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average down 90.50 at 31,819.14 and the S&P 500 Index down 5.83 at 3,855.76. The 10-Year Treasury yield ended at 3.52%. Early Tuesday, March Dow Jones futures are up 118 points. European markets are mixed with the spot futures of the London FTSE 100 trading down 0.36%, spot futures of Germany's DAX trading up 0.28% and spot futures of France's CAC Index trading up 0.04%. Asian markets are also mixed with Japan's Nikkei 225 index down 3.28% and China's Shanghai Composite Index up 0.05%.