DTN Early Word Grains 04/11 05:58

DTN Early Word Grains 04/11 05:58 Waiting on USDA's Numbers May corn was fractionally lower, May soybeans were 2 cents higher, and July Kansas City (HRW) wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally lower, May soybeans were 2 cents higher, and July Kansas City (HRW) wheat was 2 cents lower. CME Globex Recap: Markets were quiet overnight into Tuesday morning, with grain traders waiting on the release of USDA's latest monthly supply and demand numbers later in the morning (11 CDT). Softs were higher across the board led by continued commercial buying in cotton ahead of USDA. Outside markets were mixed with energies and metals reversing course from Monday; energies were mostly lower and metals higher. Other turnarounds, at least from 24 hours ago, were the U.S. dollar index (lower) and DJIA futures (higher). OUTSIDE MARKETS: The Dow Jones Industrial Average closed 1.92 points higher at 20,658.02. The NASDAQ Composite gained 3.11 points to 5,880.93 and the S&P 500 added 1.62 points to 2,357.16 Monday. DJIA futures were 1 point higher early Tuesday morning. Asian markets closed mostly lower with Japan's Nikkei down 50.01 points (0.3%), Hong Kong's Hang Seng down 173.72 points (0.7%), and China's Shanghai Composite up 19.57 points (0.6%). European markets were mixed Tuesday with London's FTSE 100 rallying 50.09 points (0.7%), Germany's DAX off 7.80 points, and France's CAC 40 up 3.16 points. The euro was 0.0022 higher at 1.0618 while the U.S. dollar index lost 0.19 to 100.82. June 30-year T-Bonds were 7/32 higher at 152'00 while June gold rallied $5.10 to $1,259.00. Crude oil was $0.08 lower at $53.00 while Brent crude slipped $0.07 to $55.91. China's Dalian soybean futures were mostly lower while Malaysian palm oil futures were mostly higher overnight.