DTN Early Word Grains 01/08 05:57

DTN Early Word Grains 01/08 05:57 Report Week Starts with a Thud March corn was fractionally lower, March soybeans were 3 cents lower, and March Chicago (SRW) wheat was 3 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally lower, March soybeans were 3 cents lower, and March Chicago (SRW) wheat was 3 cents lower. CME Globex Recap: The grain and oilseed complex was lower overnight into early Monday morning, as USDA report week gets under way. Winter wheat was under the most pressure, followed by soybeans, then corn. Other commodity sectors were mixed with softs and metals lower while energies were higher. The U.S. dollar was stronger and DJIA futures continued their rally. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 220.74 points (0.9%) higher at 25,295.87, the NASDAQ Composite gained 58.64 points (0.8%) to 7,136.56, and the S&P 500 added 19.16 points (0.7%) to 2,743.15 Friday. DJIA futures were 41 points higher early Monday morning. Asian markets closed higher with Japan's Nikkei 225 closed, Hong Kong's Hang Seng gaining 84.89 points (0.3%), and China's Shanghai Composite rallying 17.73 points (0.5%). European markets were trading mostly higher with London's FTSE 100 off 3.54 points, Germany's DAX up 50.13 points (0.4%), and France's CAC 40 gaining 22.52 points (0.4%). The euro lost 0.0029 to 1.2002 as the U.S. dollar index gained 0.16 to 92.17. March 30-year T-Bonds were 3/32 higher at 151'29 while February gold dipped $0.90 to $1,321.40. Crude oil was $0.36 higher at $61.80 while Brent crude added $0.20 to $67.82. China's Dalian soybean and Malaysian palm oil futures were both higher again overnight.