DTN Early Word Grains 02/07 05:53

DTN Early Word Grains 02/07 05:53 Grains Stay Green March corn was 1 cent higher, March soybeans were 2 cents higher, and July Kansas City (HRW) wheat was 5 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 1 cent higher, March soybeans were 2 cents higher, and July Kansas City (HRW) wheat was 5 cents higher. CME Globex Recap: The grain and oilseed complex traded higher again overnight into Wednesday morning. Winter wheat led the way, followed by soybeans then corn. Look for continued volatility Wednesday in equities with DJIA futures down more than 200 points. The U.S. dollar was stronger again overnight, putting pressure on the energy complex while metals traded mostly higher. Softs were mostly lower, with cotton able to post small gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 567.02 points (2.3%) higher at 24,912.77, the NASDAQ Composite gained 148.36 points (2.1%) to 7,115.88, and the S&P 500 rallied 46.20 points (1.7%) to 2,695.14 Tuesday. DJIA futures were 227 points lower early Wednesday morning. Asian markets closed mostly lower with Japan's Nikkei 225 up 35.13 points (0.2%), Hong Kong's Hang Seng down 272.22 points (0.9%), and China's Shanghai Composite off 61.39 points (1.8%). European markets were trading higher with London's FTSE 100 up 46.12 points (0.6%), Germany's DAX gaining 70.83 points (0.6%), and France's CAC 40 adding 26.58 points (0.5%). The euro was 0.0031 lower at 1.2347 as the U.S. dollar index gained 0.17 to 89.85. March 30-year T-Bonds were 6/32 higher at 146'07 while April gold added $1.40 to $1,330.90. Crude oil was $0.27 lower at $63.12 and Brent crude lost $0.16 to $66.70. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.