DTN Early Word Grains 04/05 05:54

DTN Early Word Grains 04/05 05:54 Soybeans Come Roaring Back May corn was 1 cent higher, May soybeans were 10 cents higher, and July Kansas City (HRW) wheat was 4 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent higher, May soybeans were 10 cents higher, and July Kansas City (HRW) wheat was 4 cents higher. CME Globex Recap: After two days of holding overnight gains through the close of the day session, soybeans posted a strong double-digit rally during the overnight session. Corn and wheat were far more subdued, each showing a gain of about 2 cents through early Wednesday. Much of the support for soybeans came from a sharply higher Malaysian palm oil and a rally in China's Dalian soybeans. Outside markets were mostly higher with energies showing gains and metals mostly lower. The U.S. dollar index was higher again, as were DJIA futures overnight. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 39.03 points (0.2%) higher at 20,689.24. The NASDAQ Composite gained 3.93 points (0.1%) to 5,898.61 and the S&P 500 added 1.32 points to 2,360.16 Tuesday. DJIA futures were 4 points higher early Wednesday morning. Asian markets closed mostly higher with Japan's Nikkei up 51.02 points (0.3%), Hong Kong's Hang Seng gaining 139.32 points (0.6%), and China's Shanghai Composite rallying 47.79 points (1.5%). European markets were also trading mostly higher Wednesday with London's FTSE 100 up 12.31 points (0.2%), Germany's DAX off 33.87 points (0.3%), and France's CAC 40 gaining 9.02 points (0.2%). The euro was 0.0009 lower at 1.0666 while the U.S. dollar index gained 0.05 to 100.54. June 30-year T-Bonds were 3/32 lower at 151'18 while June gold lost $3.60 to $1,254.80. Crude oil rallied $0.51 to $51.54 while Brent crude added $0.53 to $54.70. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.