DTN Early Word Grains 03/08 05:56

DTN Early Word Grains 03/08 05:56 Report Day Starts in the Red May corn was 1 cent lower, May soybeans were 7 cents lower, and July Kansas City (HRW) wheat was 3 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent lower, May soybeans were 7 cents lower, and July Kansas City (HRW) wheat was 3 cents lower. CME Globex Recap: The grain and oilseed complex is lower early Thursday morning, ahead of USDA's weekly export sales and shipment update and monthly Supply and Demand reports. Some of the action was follow-through from Wednesday's sell-off, while the U.S. dollar continues to firm and DJIA futures were under pressure once again. Metals and energies were lower with the hardest hit being platinum. The headline Thursday morning is that President Trump is set to sign his proposed tariffs into action despite dissent from Republican lawmakers. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 82.76 points (0.3%) lower at 24,801.36, the NASDAQ Composite gained 24.64 points (0.3%) to 7,396.65, and the S&P 500 dipped 1.32 points to 2,726.80 Wednesday. DJIA futures were 28 points lower early Thursday morning. Asian markets closed mostly higher with Japan's Nikkei 225 up 115.35 points (0.5%), Hong Kong's Hang Seng gaining 457.60 points (1.5%), and China's Shanghai Composite adding 16.74 points (0.5%). European markets were trading mixed with London's FTSE 100 off 3.11 points, Germany's DAX down 56.76 points (0.5%), and France's CAC 40 up 11.03 points (0.2%). The euro was 0.0036 lower at 1.2374 while the U.S. dollar index gained 0.21 to 89.80. March 30-year T-Bonds were unchanged at 144'04 while April gold lost $1.20 to $1,326.40. Crude oil was $0.07 lower at $61.09 as Brent crude fell $0.17 to $64.17. China's Dalian soybean futures were mostly higher and Malaysian palm oil futures were lower again overnight.