DTN Early Word Grains 01/03 05:54

DTN Early Word Grains 01/03 05:54 Nothing But Up March corn was 1 cent higher, March soybeans were 1 cent higher, and March Chicago (SRW) wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 1 cent higher, March soybeans were 1 cent higher, and March Chicago (SRW) wheat was 2 cents higher. CME Globex Recap: The grain and oilseed complex has yet to close lower in the new year, and markets are mostly higher again early Wednesday morning. Of course Wednesday is only the second trading day of the year, so there's that. The U.S. dollar strengthened overnight putting light pressure on metals. However, the energy complex continued to move higher while cotton recovered a small part of Tuesday's sell-off. DJIA futures were higher again as well. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 104.79 points (0.4%) higher at 24,824.01, the NASDAQ Composite gained 103.51 points (1.5%) to 7,006.90, and the S&P 500 added 22.20 points (0.8%) to 2,695.81 Tuesday. DJIA futures were 50 points higher early Wednesday morning. Asian markets closed higher with Japan's Nikkei 225 still closed for holiday, Hong Kong's Hang Seng gaining 45.64 points (0.2%), and China's Shanghai Composite up 20.78 points (0.6%). European markets were trading mostly higher with London's FTSE 100 off 1.89 points, Germany's DAX up 45.78 points (0.4%), and France's CAC 40 gaining 20.97 points (0.4%). The euro lost 0.0047 to 1.2013 as the U.S. dollar index rallied 0.23 to 92.08. March 30-year T-Bonds were 5/32 higher at 151'29 while February gold slipped $0.60 to $1,315.50. Crude oil was $0.19 higher at $60.56 while Brent crude added $0.18 to $66.75. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.