DTN Early Word Grains 04/20 05:55

DTN Early Word Grains 04/20 05:55 Grains Rise Before the Sun May corn was 1 cent higher, May soybeans were 4 cents higher, and July Kansas City (HRW) wheat was 2 cents higher. 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 higher. CME Globex Recap: In an early morning rarity, the grain complex in general was trading higher before sunrise, though overnight volume still looked to be light. Soybeans led the way, building on Wednesday's rally, while corn was more than fractionally one way or the other. Outside markets were mostly higher led by the energy complex as crude oil recovered some of Wednesday's sharp loss. The U.S. dollar index was under heavy pressure once again while DJIA futures bounced back to trade higher. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 118.79 points (0.6%) higher at 20,404.49. The NASDAQ Composite gained 13.56 points (0.2%) to 5,863.03 and the S&P 500 lost 4.02 points (0.2%) to 2,338.17 Wednesday. DJIA futures were 43 points higher early Thursday morning. Asian markets closed mostly higher with Japan's Nikkei off 1.71 points, Hong Kong's Hang Seng up 231.10 points (1.0%), and China's Shanghai Composite gaining 1.41 points. European markets were trading mostly higher Thursday with London's FTSE 100 off 10.81 points, Germany's DAX gaining 28.71 points (0.2%), and France's CAC 40 up 52.01 points (1.0%). The euro was 0.0060 higher at 1.0771 while the U.S. dollar index was down 0.38 at 99.43. June 30-year T-Bonds were 12/32 lower at 154'12 while June gold lost $1.90 to $1,281.50. Crude oil was $0.37 higher at $50.81 while Brent crude added $0.44 to $53.37. China's Dalian soybean futures were lower while Malaysian palm oil futures were higher overnight.