DTN Early Word Grains 03/28 05:55

DTN Early Word Grains 03/28 05:55 Markets Decked in Red Wednesday Morning May corn was 1 cent lower, May soybeans were 3 cents lower, and July Kansas City (HRW) wheat was 4 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent lower, May soybeans were 3 cents lower, and July Kansas City (HRW) wheat was 4 cents lower. CME Globex Recap: Markets in general were in the red Wednesday morning, with all eyes seemingly on the global equities as the leader. Following Tuesday's bearish reversal in U.S. stocks, global markets were under pressure overnight as were DJIA futures. Meanwhile, the U.S. dollar strengthened putting pressure on commodities across the board. The oilseed complex was lower, corn was down, and the wheat complex sagged once again. Softs were lower overnight, along with energies and metals. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 344.89 points (1.4%) lower at 23,857.71, the NASDAQ Composite dropped 211.74 points (2.9%) to 7,008.81, and the S&P 500 lost 45.93 points (1.7%) to 2,612.62 Tuesday. DJIA futures were 40 points lower early Wednesday morning. Asian markets closed lower with Japan's Nikkei 225 down 286.01 points (1.3%), Hong Kong's Hang Seng falling 768.30 points (2.5%), and China's Shanghai Composite losing 44.36 points (1.4%). European markets were trading lower with London's FTSE 100 down 41.59 points (0.6%), Germany's DAX losing 149.24 points (1.2%), and France's CAC 40 falling 57.26 points (1.1%). The euro was 0.0013 lower at 1.2392 while the U.S. dollar index added 0.17 to 89.50. June 30-year T-Bonds were 14/32 higher at 146'02 while April gold lost another $3.20 to $1,338.80. Crude oil was $0.60 lower at $64.65 as Brent crude dropped $0.36 to $69.75. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.