DTN Early Word Grains 01/10 05:59

DTN Early Word Grains 01/10 05:59 China Doll(ar) March corn was fractionally higher, March soybeans were 2 cents lower, and March Chicago (SRW) wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally higher, March soybeans were 2 cents lower, and March Chicago (SRW) wheat was 2 cents higher. CME Globex Recap: The U.S. dollar took a beating overnight as word came out Chinese officials were talking about slowing down or halting purchases of U.S. treasuries. This naturally led to a spike rally gold, metals in general, and supported an extension of long-term uptrends in the energy complex. Grains were mostly higher, with only Minneapolis spring wheat sitting fractionally in the red. However, the Chicago soybean complex was mostly lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 102.80 points (0.4%) higher at 25,385.80, the NASDAQ Composite gained 6.19 points (0.1%) to 7,163.58, and the S&P 500 added 3.58 points (0.1%) to 2,751.29 Tuesday. DJIA futures were 98 points lower early Wednesday morning on the uncertainty of the news out of China. Asian markets closed mostly lower with Japan's Nikkei 225 down 61.79 points (0.2%), Hong Kong's Hang Seng up 62.31 points (0.2%), and China's Shanghai Composite adding 7.93 points (0.2%). European markets were trading lower with London's FTSE 100 off 7.42 points (0.1%), Germany's DAX down 105.60 points (0.8%), and France's CAC 40 losing 26.28 points (0.5%). The euro gained 0.0054 to 1.1990 as the U.S. dollar index fell 0.43 to 92.09. March 30-year T-Bonds were 26/32 lower at 149'13 while February gold jumped $10.90 to $1,324.60. Crude oil was $0.52 higher at $63.48 while Brent crude gained $0.36 to $69.18. China's Dalian soybean futures were mostly higher and Malaysian palm oil futures were higher overnight.