DTN Early Word Grains 04/10 05:59

DTN Early Word Grains 04/10 05:59 Giving Back a Bit May corn was fractionally lower, May soybeans were 3 cents higher, and July Kansas City (HRW) wheat was 7 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally lower, May soybeans were 3 cents higher, and July Kansas City (HRW) wheat was 7 cents lower. CME Globex Recap: The grain and oilseed complex was mostly lower early Tuesday morning, with only follow-through commercial buying seen in soybeans. Winter wheat was lower after burning through existing buy orders during Monday's sharp rally, possibly. Corn was back to being quiet, waiting for the release of Tuesday's USDA reports. Energies continued to rally while metals were mostly lower. DJIA futures posted a strong 250-point jump after Monday saw the Big Board erase nearly all of its 300-plus points gain in the closing minutes. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 46.34 points (0.2%) higher at 23,979.10, the NASDAQ Composite gained 35.23 points (0.5%) to 6,950.34, and the S&P 500 rallied 8.69 points (0.3%) to 2,613.16 Monday. DJIA futures were 250 points higher early Tuesday morning. Asian markets closed higher with Japan's Nikkei 225 up 116.06 points (0.5%), Hong Kong's Hang Seng gaining 499.16 points (1.6%) and China's Shanghai Composite adding 52.03 points (1.7%). European markets were trading higher with London's FTSE 100 up 32.71 points (0.5%), Germany's DAX rallying 128.51 points (1.0%), and France's CAC 40 gaining 32.41 points (0.6%). The euro was 0.0005 higher at 1.2328 while the U.S. dollar index dipped 0.03 to 89.80. June 30-year T-Bonds were 5/32 lower at 145'29 while June gold lost $1.00 to $1,339.10. Crude oil was $0.79 higher at $64.21 as Brent crude gained $0.88 to $69.53. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.