DTN Early Word Grains 02/08 05:55

DTN Early Word Grains         02/08 05:55
   Soybeans Continue to Roll

   March corn was 1 cent lower, March soybeans were 8 cents higher, and July
Kansas City wheat was fractionally higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   March corn was 1 cent lower, March soybeans were 8
cents higher, and July Kansas City wheat was fractionally higher.

CME Globex Recap:   Global oilseeds in general were higher overnight with only
China's Dalian soybean market lagging a bit. A solid rally in the Chicago
market didn't appear to help corn and wheat much, with both showing fractional
losses again early Wednesday morning. Outside markets were mixed with the
energy complex lower while metals were mostly higher. The U.S. dollar index was
showing gains again while DJIA futures continued to climb.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 37.87 points (0.2%)
higher at 20,090.29. The NASDAQ Composite gained 10.67 points (0.2%) to
5,674.22 and the S&P 500 added 0.52 point to 2,293.08 Tuesday. DJIA futures
were 19 points higher early Wednesday morning. Asian markets were mostly higher
with Japan's Nikkei up 96.82 points (0.5%), Hong Kong's Hang Seng gained 153.56
points (0.7%), and China's Shanghai Composite rallied 13.89 points (0.4%).
European markets were mixed Wednesday with London's FTSE 100 down 7.32 points
(0.1%), Germany's DAX adding 14.21 points (0.1%), and France's CAC 40 gaining
27.53 points (0.6%). The U.S. dollar index was 0.180 higher at 100.580 while
the euro lost another 0.0036 to 1.0648. March 30-year T-Bonds were 5/32 higher
to 152'11 while April gold added $2.20 to $1,238.30. Crude oil dropped $0.37 to
$51.80 while Brent crude fell $0.18 to $54.87. Dalian soybean futures showed
small losses while Malaysian palm oil futures were 23 ringgits higher
overnight.