DTN Early Word Grains 03/06 05:29

DTN Early Word Grains 03/06 05:29 U.S. Wheat Prices Follow New Lows in France; Palm Oil Reaches New Six-Month High May corn was up 1/2 cent, May soybeans were up 1 cent and May KC wheat was down 9 1/2 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: May corn was up 1/2 cent, May soybeans were up 1 cent and May KC wheat was down 9 1/2 cents. CME GLOBEX RECAP: Early Wednesday, Dow Jones futures are trading higher with Federal Reserve Chairman Jerome Powell set to testify before the House Financial Services Committee on Wednesday. The Energy Department's weekly inventory report is due out at 9:30 a.m. CST, including ethanol production. The Federal Reserve's Beige Book is set for release at 1 p.m. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average down 404.64 at 38,585.19 and the S&P 500 Index down 52.30 at 5,078.65. The 10-Year Treasury yield fell to 4.14%. Early Wednesday, March Dow Jones futures are up 90 points. European markets are higher with the spot futures of the London FTSE 100 trading up 0.39%, spot futures of Germany's DAX trading up 0.20% and spot futures of France's CAC Index trading up 0.18%. Asian markets are a little lower with Japan's Nikkei 225 index down 0.02% and China's Shanghai Composite Index down 0.26%.