DTN Early Word Grains 01/04 05:57

DTN Early Word Grains 01/04 05:57 First Red Morning of the Year March corn was fractionally lower, March soybeans were 2 cents lower, and March Chicago (SRW) wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally lower, March soybeans were 2 cents lower, and March Chicago (SRW) wheat was 2 cents lower. CME Globex Recap: The grain and oilseed complex was in the red early Thursday morning, the first time in 2018. Commodities in general were under pressure despite renewed weakness in the U.S. dollar overnight. Energies were mostly lower, with only the West Texas Intermediate crude oil market showing a small gain. Metals, except for copper, were in the red while softs, excluding cotton, found increased selling interest. On the other hand DJIA futures were higher once again, hinting at continued strength in U.S. equities when the Big Board opens later Thursday morning. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 98.67 points (0.4%) higher at 24,922.68, the NASDAQ Composite gained 58.63 points (0.8%) to 7,065.53, and the S&P 500 added 17.25 points (0.6%) to 2,713.06 Wednesday. DJIA futures were 70 points higher early Thursday morning. Asian markets closed higher with Japan's Nikkei 225 rallying 741.39 points (3.3%), Hong Kong's Hang Seng gaining 175.53 points (0.6%), and China's Shanghai Composite up 16.60 points (0.5%). European markets were trading higher with London's FTSE 100 adding 5.30 points, Germany's DAX up 124.80 points (1.0%), and France's CAC 40 gaining 51.69 points (1.0%). The euro added 0.0036 to 1.2049 as the U.S. dollar index lost 0.21 to 91.97. March 30-year T-Bonds were 13/32 lower at 151'29 while February gold dipped $4.50 to $1,314.00. Crude oil was $0.10 higher at $61.73 while Brent crude slipped $0.14 to $67.70. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight.