DTN Early Word Grains 03/27 05:52

DTN Early Word Grains 03/27 05:52 Tuesday, With a Touch of Turnaround May corn was 1 cent higher, May soybeans were 4 cents higher, and July Kansas City (HRW) wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent higher, May soybeans were 4 cents higher, and July Kansas City (HRW) wheat was 2 cents lower. CME Globex Recap: After failing to hold early gains and closing lower Monday, the grain and oilseed complex was mixed as Tuesday got under way. Soybeans and corn were sitting on the plus-side of unchanged, while the wheat complex was unchanged to lower. Energies also rallied, though gold struggled due to renewed buying interest in the U.S. dollar. Meanwhile, DJIA futures were posting another triple-digit gain following Monday's impressive gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 669.40 points (2.8%) higher at 24,202.60, the NASDAQ Composite jumped 227.88 points (3.3%) to 7,220.54, and the S&P 500 gained 70.29 points (2.7%) to 2,658.55 Monday. DJIA futures were 126 points higher early Tuesday morning. Asian markets closed higher with Japan's Nikkei 225 up 551.22 points (2.7%), Hong Kong's Hang Seng rallying 242.06 points (0.8%), and China's Shanghai Composite adding 32.93 points (1.0%). European markets were trading higher with London's FTSE 100 up 140.96 points (2.0%), Germany's DAX gaining 250.98 points (2.1%), and France's CAC 40 rallying 81.67 points (1.6%). The euro was 0.0030 lower at 1.2415 while the U.S. dollar index gained 0.26 to 89.33. June 30-year T-Bonds were 9/32 lower at 144'14 while April gold lost $6.00 to $1,349.00. Crude oil was $0.22 higher at $65.77 as Brent crude added $0.27 to $70.39. China's Dalian soybean futures were lower and Malaysian palm oil futures were mixed overnight.