DTN Early Word Grains 04/20 05:55

DTN Early Word Grains 04/20 05:55 Spring May Have Finally Arrived July corn was 2 cents lower, July soybeans were 7 cents lower, and July Kansas City (HRW) wheat was 10 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was 2 cents lower, July soybeans were 7 cents lower, and July Kansas City (HRW) wheat was 10 cents lower. CME Globex Recap: With planting pictures popping up on the social media site Twitter, and rain expected to start falling in the U.S. Southern Plains, it seems spring may finally have arrived. The grain and oilseed complex responded overnight by selling off as some of the adverse weather support eased. Other commodity sectors were also lower with softs and metals both in the red while energies continue to rally. The U.S. dollar index was stronger overnight while DJIA futures were weaker. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 83.18 points (0.3%) lower at 24,664.89, the NASDAQ Composite lost 57.18 points (0.8%) to 7,238.06, and the S&P 500 fell 15.51 points (0.6%) to 2,693.13 Thursday. DJIA futures were 34 points lower early Friday morning. Asian markets closed lower with Japan's Nikkei 225 down 28.94 points (0.1%), Hong Kong's Hang Seng losing 290.11 points (0.9%), and China's Shanghai Composite falling 45.83 points (1.5%). European markets were trading mostly higher with London's FTSE 100 up 31.04 points (0.4%), Germany's DAX gaining 8.16 points, and France's CAC 40 up 18.48 points (0.3%). The euro was 0.0048 lower at 1.2296 while the U.S. dollar index gained 0.27 to 90.17. June 30-year T-Bonds were 2/32 lower at 143'23 while June gold lost $6.10 to $1,342.60. Crude oil was $0.19 higher at $68.48 as Brent crude gained $0.19 to $73.97. China's Dalian soybean futures were lower and Malaysian palm oil futures were higher overnight.