DTN Early Word Grains 04/07 05:55

DTN Early Word Grains 04/07 05:55 Grains Watch Other Markets React to News May corn was fractionally lower, May soybeans were 2 cents lower, and July Kansas City (HRW) wheat was unchanged. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally lower, May soybeans were 2 cents lower, and July Kansas City (HRW) wheat was unchanged. CME Globex Recap: Thursday night in the Western Hemisphere, news broke of the United States launching a missile strike against a military base in Syria. The news initially rallied gold about $18, crude oil $1.20, and DJIA futures lost 140 points. Grains hardly moved. Granted, most of the other markets had calmed somewhat by early Friday morning but the lack of activity in grains reflects a lack of noncommercial interest in the sector. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 14.80 points higher at 20,662.95. The NASDAQ Composite gained 14.47 points (0.3%) to 5,878.95 and the S&P 500 added 4.54 points (0.2%) to 2,357.49 Thursday. DJIA futures were 33 points lower early Friday morning. Asian markets closed mixed with Japan's Nikkei up 67.57 points (0.4%), Hong Kong's Hang Seng down 6.42 points, and China's Shanghai Composite up 5.61 points (0.2%). European markets were trading mostly lower Friday with London's FTSE 100 adding 4.88 points (0.1%), Germany's DAX off 58.40 points (0.5%), and France's CAC 40 losing 10.94 points (0.2%). The euro was 0.0010 lower at 1.0634 while the U.S. dollar index gained 0.04 to 100.76. June 30-year T-Bonds were 7/32 higher at 151'30 while June gold gained $13.30 to $1,266.60. Crude oil was $0.64 higher at $52.34 while Brent crude added $0.58 to $55.47. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.