DTN Early Word Grains 01/31 05:57

DTN Early Word Grains 01/31 05:57 Blue Moon, Red Markets March corn was 1 cent lower, March soybeans were 7 cents lower, and July Kansas City (HRW) wheat was 5 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 1 cent lower, March soybeans were 7 cents lower, and July Kansas City (HRW) wheat was 5 cents lower. CME Globex Recap: Many of you might've gotten up a little earlier to see the lunar trifecta (blue moon, super moon, blood red moon), but if you missed it you can still see the blood red part by looking at Wednesday morning's markets. Commodities in general are lower, though it needs to be remembered the grain and oilseed complex is coming off a solid rally Tuesday. The U.S. dollar remains under pressure, though DJIA futures have stabilized following Tuesday's medically induced breakdown. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 362.59 points (1.4%) lower at 26,076.89, the NASDAQ Composite lost 64.02 points (0.9%) to 7,402.46, and the S&P 500 fell 31.10 points (1.1%) to 2,822.43 Tuesday. DJIA futures were 100 points higher early Wednesday morning. Asian markets closed mixed with Japan's Nikkei 225 down 193.68 points (0.8%), Hong Kong's Hang Seng rallying 279.98 points (0.9%), and China's Shanghai Composite off 7.18 points (0.2%). European markets were trading mixed with London's FTSE 100 down 7.33 points (0.1%), Germany's DAX up 26.42 points (0.2%), and France's CAC 40 up 13.50 points (0.3%). The euro was 0.0048 higher at 1.2451 as the U.S. dollar index dropped another 0.28 to 88.90. March 30-year T-Bonds were 10/32 higher at 147'22 while February gold added $6.90 to $1,342.30. Crude oil was $0.32 lower at $64.18 and Brent crude lost $0.48 to $68.54. China's Dalian soybean futures were mixed for a third consecutive session while Malaysian palm oil futures were lower again overnight.