DTN Early Word Grains 01/27 05:56

DTN Early Word Grains 01/27 05:56 Grains Lower, China Goes On Holiday March corn was down 1 cent, March soybeans were down 4 1/4 cents, and March Chicago wheat was down 1 cent. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: March corn was down 1 cent, March soybeans were down 4 1/4 cents, and March Chicago wheat was down 1 cent. CME Globex Recap: Grains were a little lower early as has been the pattern this week while China begins the week-long celebration of its New Year. After White House spokesman Sean Spicer voiced support for an import tax Thursday, many are wondering about the ramifications on U.S. ag trade. OUTSIDE MARKETS: The Dow Jones Industrial Average closed up 32.40 points at 20,100.91. The NASDAQ Composite was down 1.16 points at 5,655.18 and the S&P 500 was down 1.69 points at 2,296.68 Thursday. DJIA futures were up 2 points early Friday morning. Asian markets were mixed with Japan's Nikkei up 65.01 points (.3%), Hong Kong's Hang Seng down 13.39 points (-0.1%), and China's Shanghai Composite up 9.61 points (0.3%). European markets were mostly lower Friday with London's FTSE 100 down 0.92 points (-0.0%), Germany's DAX down 33.88 points (-0.3%), and France's CAC 40 down 32.77 points (-0.7%). The U.S. dollar index was up 0.03 at 100.56 while the euro was down 0.00185 at 1.06990. March 30-year T-Bonds were unchanged at 149'25 while February gold was down $7.10 at $1,182.70. March crude oil was down $0.50 at $53.28 while Brent crude was down $0.68 at $55.56. Malaysian palm oil futures were down 0.4%.