DTN Early Word Grains 03/06 05:56

DTN Early Word Grains 03/06 05:56 A Pinkish Hue May corn was fractionally lower, May soybeans were 1 cent lower, and July Kansas City (HRW) wheat was 5 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally lower, May soybeans were 1 cent lower, and July Kansas City (HRW) wheat was 5 cents lower. CME Globex Recap: The grain and oilseed complex was showing small losses early Tuesday, appearing pink on the ProphetX screen, despite a slightly weaker U.S. dollar. The biggest loser was the wheat complex where contracts were down about a nickel following Monday's double-digit rally in both Chicago and Kansas City. Energies and metals were mostly higher, while DJIA futures continue to rally. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 336.70 points (1.4%) higher at 24,874.76, the NASDAQ Composite gained 72.84 points (1.0%) to 7,330.70, and the S&P 500 rallied 26.69 points (1.1%) to 2,720.94 Monday. DJIA futures were 98 points higher early Tuesday morning. Asian markets closed mostly higher with Japan's Nikkei 225 up 375.67 points (1.8%), Hong Kong's Hang Seng rallying 624.34 points (2.1%), and China's Shanghai Composite gaining 32.72 points (1.0%). European markets were trading higher with London's FTSE 100 up 67.94 points (0.9%), Germany's DAX gaining 132.42 points (1.1%), and France's CAC 40 adding 38.40 points (0.7%). The euro was 0.0014 higher at 1.2350 while the U.S. dollar index slipped 0.06 to 89.94. March 30-year T-Bonds were 7/32 lower at 142'29 while April gold added $5.40 to $1,325.30. Crude oil was $0.31 higher at $62.88 as Brent crude rallied $0.23 to $65.77. China's Dalian soybean futures were mostly higher and Malaysian palm oil futures were higher overnight.