DTN Early Word Grains 03/15 05:56

DTN Early Word Grains 03/15 05:56 Back in the Green for the Ides of March May corn was 1 cent higher, May soybeans were 6 cents higher, and July Kansas City (HRW) wheat was 4 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent higher, May soybeans were 6 cents higher, and July Kansas City (HRW) wheat was 4 cents higher. CME Globex Recap: The grain and oilseed complex was higher early Thursday morning, gaining back some of Wednesday's losses. Spring wheat led the way, with contracts posting a solid gain. Soybeans were next as noncommercial traders looked to be defending their net-long futures holdings. Metals and energies were mostly lower, despite a slightly weaker U.S. dollar overnight. DJIA futures were showing a smaller gain than previous mornings, with traders acting a bit wary of possible follow-through selling once the Big Board opens. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 248.91 points (1.0%) lower at 24,758.12, the NASDAQ Composite lost 14.20 points (0.2%) to 7,496.81, and the S&P 500 dropped 15.83 points (0.6%) to 2,749.48 Wednesday. DJIA futures were 61 points higher early Thursday morning. Asian markets closed mixed with Japan's Nikkei 225 up 26.66 points (0.1%), Hong Kong's Hang Seng gaining 106.09 points (0.3%), and China's Shanghai Composite off 0.27 point. European markets were trading mostly higher with London's FTSE 100 up 22.25 points (0.3%), Germany's DAX adding 71.85 points (0.6%), and France's CAC 40 gaining 23.66 points (0.5%). The euro was 0.0003 lower at 1.2366 while the U.S. dollar index slipped 0.05 to 89.74. March 30-year T-Bonds were 9/32 higher at 146'05 while April gold lost $1.80 to $1,323.80. Crude oil was $0.09 higher at $61.05 as Brent crude dipped $0.01 to $64.88. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.