DTN Early Word Grains 02/27 05:53

DTN Early Word Grains 02/27 05:53 K.C. Wheat Leads Quiet Overnight Session May corn was 1/2 cent higher, May soybeans were 2 1/2 cents higher, and July Kansas City (HRW) wheat was 6 3/4 cents higher. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: May corn was 1/2 cent higher, May soybeans were 2 1/2 cents higher, and July Kansas City (HRW) wheat was 6 3/4 cents higher. CME Globex Recap: Most grains are higher early with K.C. wheat leading the way while the forecast continues to look dry for the southwestern U.S. Plains. Other commodities are starting the day mostly lower with overnight stock markets mixed and the March U.S. dollar index staying close to unchanged. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 399.28 points (1.6%) higher at 25,709.27, the NASDAQ Composite gained 84.07 points (1.1%) to 7,421.46, and the S&P 500 rallied 32.30 points (1.2%) to 2,779.60 Monday. DJIA futures were 58 points lower early Tuesday morning. Asian markets were mixed with Japan's Nikkei 225 up 236.23 points (1.1%), Hong Kong's Hang Seng down 229.94 points (-0.7%), and China's Shanghai Composite down 37.51 points (1.1%). European markets were also mixed with London's FTSE 100 up 2.06 points (0.03%), Germany's DAX down 18.19 points (-0.15%), and France's CAC 40 down 0.73 points (-0.01%). The euro was 0.0125 higher at 1.2340 while the U.S. dollar index lost 0.04 to 89.74. March 30-year T-Bonds were 7/32 lower at 144'00 while April gold gained $1.50 to $1,334.30. Crude oil was $0.31 lower at $63.60 and Brent crude slipped $0.26 to $67.24. China's Dalian soybean were steady to higher and Malaysian palm oil futures were barely higher overnight.