DTN Early Word Grains 01/02 06:00

DTN Early Word Grains 01/02 06:00 New Year's Kick Off Due to the holiday the grain and oilseed complex was closed overnight. Markets will open at 8:30 a.m. (CT). By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: Due to the holiday the grain and oilseed complex was closed overnight. Markets will open at 8:30 am (CT). CME Globex Recap: The New Year's Day holiday was filled with football (U.S. style) with most markets waiting their turn to kick-off later Tuesday morning. However, the energy complex was under light pressure overnight despite the continued weakening of the U.S. dollar. DJIA futures were showing a small gain. The metals sector was mixed early Tuesday with gold and platinum higher while copper and silver were lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 118.29 points (0.5%) lower at 24,719.22, the Nasdaq Composite lost 46.77 points (0.7%) to 6,903.39, and the S&P 500 fell 13.93 points (0.5%) to 2,673.61 Friday. DJIA futures were 21 points higher early Tuesday morning. Asian markets closed higher with Japan's Nikkei 225 closed for holiday, Hong Kong's Hang Seng up 596.16 points (2.0%), and China's Shanghai Composite rallying 41.15 points (1.2%). European markets were trading mostly lower with London's FTSE 100 down 34.07 points (0.4%), Germany's DAX off 95.92 points (0.7%), and France's CAC 40 down 46.34 points (0.8%). The euro gained 0.0058 to 1.2064 as the U.S. dollar index fell another 0.39 to 91.85. March 30-year T-Bonds were 14/32 lower at 152'18 while February gold added $4.30 to $1,313.60. Crude oil was $0.18 lower at $60.24 while Brent crude dipped $0.29 to $66.58. China's Dalian soybean futures were mixed while Malaysian palm oil futures were higher overnight.