DTN Early Word Grains 04/18 05:57

DTN Early Word Grains 04/18 05:57 Following a Familiar Path May corn was fractionally higher, May soybeans were 4 cents lower, and July Kansas City (SRW) wheat was 1 cent higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally higher, May soybeans were 4 cents lower, and July Kansas City (SRW) wheat was 1 cent higher. CME Globex Recap: Wheat markets regrouped overnight, gaining back a small part of Monday's losses. Meanwhile, the soy complex fell with bean oil erasing about half of Monday's gains. Corn, as is usually the case overnight, was quiet. Outside markets were mostly lower with selling seen in metals, energies, and softs despite a modestly lower U.S. dollar. DJIA futures were also under pressure following Monday's triple-digit rally. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 183.67 points (0.9%) higher at 20,636.92. The NASDAQ Composite rallied 51.64 points (0.9%) to 5,856.79 and the S&P 500 gained 20.06 points (0.9%) to 2,349.01 Monday. DJIA futures were 51 points lower early Tuesday morning. Asian markets closed mostly lower with Japan's Nikkei up 63.33 points (0.4%), Hong Kong's Hang Seng off 337.12 points (1.4%), and China's Shanghai Composite down 25.45 points (0.8%). European markets were trading lower Tuesday with London's FTSE 100 off 80.11 points (1.1%), Germany's DAX losing 73.59 points (0.6%), and France's CAC 40 off 65.60 points (1.3%). The euro was 0.0009 higher at 1.0652 while the U.S. dollar index was down 0.05 at 100.25. June 30-year T-Bonds were 20/32 higher at 154'03 while June gold lost $4.10 to $1,287.80. Crude oil was $0.43 lower at $52.22 while Brent crude fell $0.52 to $54.84. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.