DTN Early Word Grains 03/07 05:57

DTN Early Word Grains 03/07 05:57 Same Story, Different Day May corn was fractionally lower, May soybeans were 6 cents lower, and July Kansas City (HRW) wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally lower, May soybeans were 6 cents lower, and July Kansas City (HRW) wheat was 2 cents lower. CME Globex Recap: Wednesday morning is starting much like Tuesday did, with the grain and oilseed complex quietly lower. Unlike Tuesday, however, most other commodity sectors were also lower overnight. The big mover overnight was DJIA futures, down more than 300 points reportedly on the news that Gary Cohn was leaving his role as White House economic advisor. This was interpreted by global markets as a signal President Trump was going ahead with his planned tariffs. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 9.36 points higher at 24,884.12, the NASDAQ Composite gained 41.30 points (0.6%) to 7,372.01, and the S&P 500 rallied 7.18 points (0.3%) to 2,728.12 Tuesday. DJIA futures were 314 points lower early Wednesday morning. Asian markets closed mostly lower with Japan's Nikkei 225 down 165.04 points (0.8%), Hong Kong's Hang Seng falling 313.81 points (1.0%), and China's Shanghai Composite losing 17.97 points (0.6%). European markets were trading mostly lower with London's FTSE 100 off 0.16 point, Germany's DAX down 39.40 points (0.3%), and France's CAC 40 falling 22.97 points (0.5%). The euro was 0.0029 higher at 1.2433 while the U.S. dollar index added 0.02 to 89.45. March 30-year T-Bonds were 10/32 higher at 144'23 while April gold slipped $1.30 to $1,333.90. Crude oil was $0.48 lower at $62.12 as Brent crude fell $0.54 to $65.25. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.