DTN Early Word Grains 04/12 05:55

DTN Early Word Grains 04/12 05:55 The Green, Green Grains of Morn May corn was fractionally higher, May soybeans were 6 cents higher, and July Chicago (SRW) wheat was fractionally higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally higher, May soybeans were 6 cents higher, and July Chicago (SRW) wheat was fractionally higher. CME Globex Recap: Markets were mostly higher overnight, including the grain complex. Soybeans once again led the charge as more concern is being registered over the flooding situation in Argentina. Wheat and corn were fractionally higher on spillover buying. Additional support to most commodities, metals and energies were mostly higher as well, came from the continued pressure on the U.S. dollar index. Tuesday's session saw the dollar post a solid sell-off, sparking a sharp rally in gold. DJIA futures were also higher Wednesday morning. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 6.72 points lower at 20,651.30. The NASDAQ Composite fell 14.15 points (0.2%) to 5,866.77 and the S&P 500 dipped 3.38 points (0.1%) to 2,353.78 Tuesday. DJIA futures were 10 points higher early Wednesday morning. Asian markets closed mixed with Japan's Nikkei down 192.26 points (1.0%), Hong Kong's Hang Seng up 225.04 points (0.9%), and China's Shanghai Composite off 15.14 points (0.5%). European markets were trading higher Wednesday with London's FTSE 100 rallying 21.49 points (0.3%), Germany's DAX gaining 40.12 points (0.3%), and France's CAC 40 adding 18.35 points (0.4%). The euro was unchanged at 1.0605 while the U.S. dollar index was also unchanged at 100.71. June 30-year T-Bonds were 7/32 lower at 152'24 while June gold gained $1.20 to $1,275.30. Crude oil was $0.31 higher at $53.71 while Brent crude rallied $0.40 to $56.63. China's Dalian soybean futures were higher while Malaysian palm oil futures were lower overnight.