DTN Early Word Grains 01/11 05:58

DTN Early Word Grains 01/11 05:58 Calm Before the Storm March corn was fractionally higher, March soybeans were fractionally lower, and March Chicago (SRW) wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally higher, March soybeans were fractionally lower, and March Chicago (SRW) wheat was 1 cent lower. CME Globex Recap: As a winter storm rages outside across much of the U.S. Midwest, the grain and oilseed complex finds itself in the calm before another storm. Overnight trade into Thursday morning saw quiet, mixed markets ahead of Friday's much anticipated round of USDA reports. Winter wheat was a penny lower while corn and soybeans were fractionally mixed. Energies and metals also rallied despite a slight strengthening of the U.S. dollar. DJIA futures were also showing green early Thursday. The big move was cotton as the nearby March contract jumped more than 1.00, moving the market beyond 81.00 for only the second time since June 2014. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 16.67 points lower at 25,369.13, the NASDAQ Composite lost 10.01 points (0.1%) to 7,153.57, and the S&P 500 dropped 3.06 points (0.1%) to 2,748.23 Wednesday. DJIA futures were 20 points higher early Thursday morning. Asian markets closed mostly higher with Japan's Nikkei 225 down 77.77 points (0.3%), Hong Kong's Hang Seng up 46.67 points (0.2%), and China's Shanghai Composite adding 3.51 points (0.1%). European markets were trading mostly lower with London's FTSE 100 up 1.86 points, Germany's DAX down 23.90 points (0.2%), and France's CAC 40 off 0.70 point. The euro lost 0.0003 to 1.1946 as the U.S. dollar index gained 0.07 to 92.43. March 30-year T-Bonds were 2/32 higher at 150'04 while February gold was unchanged at $1,319.30. Crude oil was $0.42 higher at $63.99 while Brent crude gained $0.35 to $69.55. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.