DTN Early Word Grains 04/06 05:54

DTN Early Word Grains 04/06 05:54 Thank You Sir, May We Have Another May corn was 4 cents lower, May soybeans were 15 cents lower, and July Kansas City (HRW) wheat was 6 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 4 cents lower, May soybeans were 15 cents lower, and July Kansas City (HRW) wheat was 6 cents lower. CME Globex Recap: Lower overnight trade by most markets was a foregone conclusion after it was announced President Trump made a threat of new tariffs on Chinese imports to the tune of 100 billion dollars. Sure enough, old-crop May soybeans traded as much as 28 cents lower while DJIA futures fell to triple-digit losses again. The energy complex was lower, though off its overnight lows, while gold initially rallied almost $10 before sliding back to near unchanged. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 240.92 points (1.0%) higher at 24,505.22, the NASDAQ Composite gained 34.44 points (0.5%) to 7,076.55, and the S&P 500 rallied 18.15 points (0.7%) to 2,662.84 Thursday. DJIA futures were 170 points lower early Friday morning. Asian markets closed mostly lower with Japan's Nikkei 225 down 77.90 points (0.4%), Hong Kong's Hang Seng up 326.25 points (1.1%) and China's Shanghai Composite closed for holiday. European markets were trading lower with London's FTSE 100 down 5.66 points (0.1%), Germany's DAX losing 60.05 points (0.5%), and France's CAC 40 falling 24.44 points (0.5%). The euro was 0.0003 higher at 1.2245 while the U.S. dollar index lost 0.03 to 90.42. June 30-year T-Bonds were 3/32 higher at 145'00 while June gold added $0.10 to $1,328.60. Crude oil was $0.27 lower at $63.27 as Brent crude dipped $0.24 to $68.09. Malaysian palm oil futures were higher again overnight.