DTN Early Word Grains 05/12 05:55

DTN Early Word Grains 05/12 05:55 It All Adds Up Friday Morning July corn was fractionally lower, July soybeans were 3 cents lower, and July Kansas City (HRW) wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was fractionally lower, July soybeans were 3 cents lower, and July Kansas City (HRW) wheat was 1 cent lower. CME Globex Recap: Grains were mostly lower overnight into Friday morning, a day when everything adds up (5/12/17, get it?). Soybeans continued to struggle, losing ground and setting the stage for bearish technical signals heading into the weekend. Corn and winter wheat were fractionally higher. Outside markets were also mixed with crude oil lower and gold higher. In the softs, sugar and cotton were higher early Friday while cocoa and coffee were showing small losses. Both the U.S. dollar index and DJIA futures were under pressure. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 23.69 points (0.1%) lower at 20,919.42, the NASDAQ Composite lost 13.18 points (0.2%) to 6,115.96, and the S&P 500 dipped 5.19 points (0.2%) to 2,394.44 Thursday. DJIA futures were 39 points lower early Friday morning. Asian markets closed mostly lower with Japan's Nikkei down 77.65 points (0.4%), Hong Kong's Hang Seng gaining 30.79 points (0.1%), and China's Shanghai Composite rallying 22.01 points (0.7%). European markets were trading mixed with London's FTSE 100 gaining 14.07 points (0.2%), Germany's DAX up 11.86 points (0.1%), and France's CAC 40 off 0.58 point. The euro was 0.0009 higher at 1.0872 while the U.S. dollar index dipped 0.04 to 99.61. June 30-year T-Bonds were 12/32 higher at 151'00 while June gold added $4.60 to $1,228.80. Crude oil was $0.11 lower at $47.72 while Brent crude was down $0.09 at $50.68. China's Dalian soybean futures were lower while Malaysian palm oil futures were mostly lower.