DTN Early Word Grains 04/09 05:57

DTN Early Word Grains 04/09 05:57 A Kumbaya Weekend May corn was 1 cent higher, May soybeans were 12 cents higher, and July Kansas City (HRW) wheat was 5 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent higher, May soybeans were 12 cents higher, and July Kansas City (HRW) wheat was 5 cents higher. CME Globex Recap: Overnight trade reacted to this past weekend's softer talk on trade tariffs with China, sending DJIA futures rocketing almost 200 points higher and rallying soybeans as much as 23 cents during the session. Of course these "good vibes" may last only until the President of the United States tweets again Monday morning. Outside of administrative manipulation, winter wheat rallied on its old friend weather. While an early double-digit rally didn't hold in Kansas City wheat, the market remained firm early Monday. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 572.46 points (2.3%) lower at 23,932.76, the NASDAQ Composite lost 161.44 points (2.3%) to 6,915.11, and the S&P 500 fell 2,604.47 points (2.2%) to 2,604.47 Friday. DJIA futures were 180 points higher early Monday morning. Asian markets closed higher with Japan's Nikkei 225 up 110.74 points (0.5%), Hong Kong's Hang Seng gaining 384.64 points (1.3%) and China's Shanghai Composite adding 7.18 point (0.2%). European markets were trading mostly higher with London's FTSE 100 up 10.51 points (0.1%), Germany's DAX rallying 111.78 points (0.9%), and France's CAC 40 gaining 23.89 points (0.5%). The euro was 0.0009 lower at 1.2273 while the U.S. dollar index gained 0.13 to 90.20. June 30-year T-Bonds were 12/32 lower at 145'21 while June gold lost $5.00 to $1,331.10. Crude oil was $0.12 higher at $62.18 as Brent crude gained $0.23 to $67.34. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight.