DTN Early Word Grains 02/24 05:56

DTN Early Word Grains 02/24 05:56 Grains, Oil Sharply Higher, Ukraine Under Attack March corn was up 35 cents, March soybeans were up 77 cents and March KC wheat was up 50 cents. Todd Hultman DTN Lead Analyst Pre-6 a.m. Globex Prices: March corn was up 35 cents, March soybeans were up 77 cents and March KC wheat was up 50 cents. CME Globex Recap: Early Thursday, Dow Jones futures and the world's stock markets are trading lower after Russia launched a wide-scale attack against the entire country of Ukraine. Most grain prices are at or near limit-up and April crude oil is trading higher, near $100 a barrel. USDA's Ag Outlook Forum is set to begin Thursday morning amid volatile circumstances. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average down 482.57 at 33,596.61 and the S&P 500 down 44.11 at 4,304.76 as the 10-Year Treasury yield ended at 1.95%. Early Wednesday, March Dow Jones futures are trading down 818 points. Asian markets are lower with Japan's Nikkei 225 index down 1.81% and China's Shanghai Composite Index down 1.70%. European markets are lower with the spot futures of the London FTSE 100 trading down 2.31%, spot futures of Germany's DAX trading down 3.70% and spot futures of France's CAC Index trading down 3.70%. The March euro is down $0.0099 at $1.1214. The March U.S. Dollar Index is up 0.68 at 96.87. The March 30-year T-bond is up 1 21/32nds, while April gold is up $45.60 at $1,956.0 and April crude oil is up $7.67 at $98.77. On China's Dalian exchange, May corn was up 1.4%, March soybeans were up 4.2%, May soybean meal was up 3.2% and May soybean oil was up 3.5%. May Malaysian palm oil is trading up 7.8%.