DTN Early Word Grains 04/15 05:56

DTN Early Word Grains 04/15 05:56 China Back in the Headlines Again May corn was 1 cent lower, May soybeans were 2 cents higher, and July Kansas City wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent lower, May soybeans were 2 cents higher, and July Kansas City wheat was 1 cent lower. CME Globex Recap: Overnight headlines focused on China's Q1 GDP that came in 6.7%, reportedly the slowest since 2009. However, analysts were also talking about how economic policy does seem to have the economy on the right track. Hence the muted reaction in the commodity sector. Soybeans were actually trading higher, copper was showing a modest loss, and crude oil was trading lower. Speaking of crude, trade is likely to be tentative ahead of this weekend's meeting in Doha between OPEC and non-OPEC producing countries with expectations being for no consensus on a production freeze. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 18.15 points higher at 17,926.43, the NASDAQ Composite was down 1.53 points at 4,945.89, and the S&P 500 gained 0.36 point to close at 2,082.78 Thursday. DJIA futures were 22 points lower overnight. Asian markets were mixed with the Nikkei down 63.02 points (0.4%) and China's Shanghai Composite dipped 4.24 points (0.1%). European markets were lower with London's FTSE 100 down 9.98 points (0.2%). The U.S. dollar index lost 0.087 to 94.812. Crude oil fell $0.73 to $40.77 while Brent crude was down $0.69 at $43.15. June gold was $4.50 higher at $1,231.00. China's Dalian soybean futures and Malaysian palm oil futures were both lower.