DTN Early Word Grains 03/21 05:56

DTN Early Word Grains 03/21 05:56 Mixed Morning Ahead of Rate Rise May corn was fractionally lower, May soybeans were 5 cents higher, and July Kansas City (HRW) wheat was fractionally lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally lower, May soybeans were 5 cents higher, and July Kansas City (HRW) wheat was fractionally lower. CME Globex Recap: The grain and oilseed complex was mixed early Wednesday with grains lower and oilseeds higher. Other commodity sectors were mostly higher with gains seen in metals, energies, and softs. In the latter, cotton was the exception. DJIA futures and the U.S. dollar index were both lower ahead of an expected announcement of an increased Fed Fund rate by the FOMC later in the day. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 116.36 points (0.5%) higher at 24,727.27, the NASDAQ Composite gained 20.06 points (0.3%) to 7,364.30, and the S&P 500 rallied 4.02 points (0.2%) to 2,716.94 Tuesday. DJIA futures were 38 points lower early Wednesday morning. Asian markets closed mostly lower with Japan's Nikkei 225 down 99.93 points (0.5%), Hong Kong's Hang Seng off 135.41 points (0.4%), and China's Shanghai Composite losing 9.69 points (0.3%). European markets were trading mostly lower with London's FTSE 100 down 37.91 points (0.5%), Germany's DAX losing 2.61 points, and France's CAC 40 off 15.61 points (0.3%). The euro was 0.0042 higher at 1.2283 while the U.S. dollar index slipped 0.27 to 90.14. June 30-year T-Bonds were 8/32 lower at 143'19 while April gold gained $4.60 to $1,316.50. Crude oil was $0.36 higher at $63.90 as Brent crude gained $0.43 to $67.85. China's Dalian soybean futures were mixed and Malaysian palm oil futures were higher overnight.