DTN Early Word Grains 02/28 06:09

DTN Early Word Grains 02/28 06:09 Grains Green the Day Before Spring May corn was 1 cent higher, May soybeans were 3 cents higher, and July Chicago wheat was 1 cent higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent higher, May soybeans were 3 cents higher, and July Chicago wheat was 1 cent higher. CME Globex Recap: As winter nears its end and spring its beginning, or February turns to March, grains decided to show some green in early celebration. Overnight trade saw grains, oilseeds, and softs trade higher, nearly across the board. On the other hand, energies and metals were both lower early Tuesday morning. The U.S. dollar index was under pressure once again while DJIA futures posted a small gain. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 15.68 points higher at 20,837.44. The Nasdaq Composite gained 16.59 points (0.3%) to 5,861.90 and the S&P 500 added 2.41 points (0.1%) to 2,369.75 Monday. DJIA futures were 10 points higher early Tuesday morning. Asian markets were mixed with Japan's Nikkei up 11.52 points, Hong Kong's Hang Seng lost 184.32 points (0.8%), and China's Shanghai Composite rallied 13.07 points (0.4%). European markets were also mixed Tuesday with London's FTSE 100 off 1.39 points, Germany's DAX down 16.64 points (0.1%), and France's CAC 40 down 0.82 point. The euro was 0.0013 higher at 1.0600 while the U.S. dollar index slipped 0.18 to 100.99. June 30-year T-Bonds were 5/32 higher at 151'17 while April gold lost $4.70 to $1,254.10. Crude oil dipped $0.12 to $53.93 while Brent crude was off $0.16 to $55.77. Dalian soybean futures were mixed while Malaysian palm oil futures were higher overnight.