DTN Early Word Grains 01/30 06:03

DTN Early Word Grains 01/30 06:03 Wheat is Leaving 'Em in the Dust March corn was 1 cent higher, March soybeans were 1 cent higher, and July Kansas City (HRW) wheat was 10 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 1 cent higher, March soybeans were 1 cent higher, and July Kansas City (HRW) wheat was 10 cents higher. CME Globex Recap: Kansas City wheat posted a strong double-digit gain overnight, far outdistancing gains seen over the rest of the grain and oilseed complex. Chicago wheat was 6 cents higher and Minneapolis spring 4 cents higher, while corn and soybeans both gained a penny. Most other commodities were lower early Tuesday morning despite a slightly weaker U.S. dollar. DJIA futures were showing a triple-digit loss following the sharp sell-off by the Big Board Monday. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 177.23 points (0.7%) lower at 26,439.48, the NASDAQ Composite lost 39.27 points (0.5%) to 7,466.51, and the S&P 500 fell 19.34 points (0.7%) to 2,853.53 Monday. DJIA futures were 172 points lower early Tuesday morning. Asian markets closed lower with Japan's Nikkei 225 down 337.37 points (1.4%), Hong Kong's Hang Seng falling 359.60 points (1.1%), and China's Shanghai Composite off 34.99 points (1.0%). European markets were trading lower with London's FTSE 100 down 39.34 points (0.5%), Germany's DAX losing 64.29 points (0.5%), and France's CAC 40 off 16.27 points (0.3%). The euro was 0.0027 higher at 1.2409 as the U.S. dollar index dropped 0.20 to 89.14. March 30-year T-Bonds were 3/32 higher at 148'07 while February gold added $3.70 to $1,344.00. Crude oil was $0.51 lower at $65.05 and Brent crude lost $0.24 to $69.22. China's Dalian soybean futures were mixed and Malaysian palm oil futures were lower overnight.