DTN Early Word Grains 01/05 05:54

DTN Early Word Grains 01/05 05:54 Beans Bounce Back March corn was 1 cent higher, March soybeans were 7 cents higher, and March Chicago (SRW) wheat was fractionally lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 1 cent higher, March soybeans were 7 cents higher, and March Chicago (SRW) wheat was fractionally lower. CME Globex Recap: Global oilseed markets rallied overnight into Friday morning, led by a solid bounce by Chicago soybeans. China's Dalian soybean futures were also higher, as was Malaysian palm oil and Canadian canola. Corn tried to follow soybeans, as best corn can overnight, while wheat markets drifted lower. Other commodity sectors were under pressure with both metals and energies showing losses while softs were mostly lower. The U.S. dollar and DJIA futures both strengthened ahead of Friday's release of December jobs data (nonfarm payroll, unemployment rate). OUTSIDE MARKETS: The Dow Jones Industrial Average closed 152.45 points (0.6%) higher at 25,075.13, the NASDAQ Composite gained 12.38 points (0.2%) to 7,077.91, and the S&P 500 added 10.93 points (0.4%) to 2,723.99 Thursday. DJIA futures were 76 points higher early Friday morning. Asian markets closed higher with Japan's Nikkei 225 rallying 208.20 points (0.9%), Hong Kong's Hang Seng gaining 78.16 points (0.3%), and China's Shanghai Composite up 6.04 points (0.2%). European markets were trading higher with London's FTSE 100 adding 24.34 points (0.3%), Germany's DAX up 151.25 points (1.2), and France's CAC 40 gaining 45.70 points (0.8%). The euro lost 0.0017 to 1.2051 as the U.S. dollar index gained 0.17 to 92.03. March 30-year T-Bonds were 5/32 lower at 152'05 while February gold fell $3.60 to $1,318.00. Crude oil was $0.61 lower at $61.40 while Brent crude lost $0.67 to $67.40. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.