DTN Early Word Grains 02/01 05:56

DTN Early Word Grains 02/01 05:56 Falling Feb First March corn was 1 cent lower, March soybeans were 7 cents lower, and July Kansas City (HRW) wheat was 6 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 6 cents lower. CME Globex Recap: As a new month gets under way, grain and oilseed markets remain under pressure. Soybeans led the way again with old-crop falling almost 8 cents at one point during the overnight session and corn stretching to nearly a 2-cent loss. That's corn for you - always exciting. Wheat remains under pressure as well with both July Kansas City and Chicago falling back. The U.S. dollar was weaker again, only slightly this time, while DJIA futures were also lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 72.50 points (0.3%) higher at 26,149.39, the NASDAQ Composite gained 9.00 points (0.1%) to 7,411.48, and the S&P 500 added 1.38 points to 2,823.81 Wednesday. DJIA futures were 45 points lower early Thursday morning. Asian markets closed mostly lower with Japan's Nikkei 225 up 387.82 points (1.7%), Hong Kong's Hang Seng falling 245.18 points (0.8%), and China's Shanghai Composite off 33.85 points (1.0%). European markets were trading mostly higher with London's FTSE 100 up 0.60 point, Germany's DAX up 34.18 points (0.2%), and France's CAC 40 up 21.82 points (0.4%). The euro was 0.0019 higher at 1.2433 as the U.S. dollar index fell 0.02 to 89.08. March 30-year T-Bonds were 16/32 lower at 147'10 while April gold dipped $1.50 to $1,341.60. Crude oil was $0.47 higher at $66.20 and Brent crude gained $0.58 to $69.47. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.