DTN Early Word Grains 04/17 05:56

DTN Early Word Grains 04/17 05:56 No Nukes is Good Nukes May corn was fractionally lower, May soybeans were 1 cent higher, and July Kansas City (SRW) wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally lower, May soybeans were 1 cent higher, and July Kansas City (SRW) wheat was 1 cent lower. CME Globex Recap: Heading into the recently passed three-day holiday weekend, global markets were on edge about a possible confrontation between the United States and North Korea. However, as the extended weekend played out, no military action was seen. Gold continued to gain ground regardless, posting a strong initial rally overnight before contracting slightly. Most other commodities were under pressure, except for soybeans and Chicago wheat. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 138.61 points (0.7%) lower at 20,453.25. The NASDAQ Composite fell 31.01 points (0.5%) to 5,805.15 and the S&P 500 lost 15.98 points (0.7%) to 2,328.95 Thursday. DJIA futures were 13 points lower early Monday morning. Asian markets closed mixed with Japan's Nikkei up 19.63 points (0.1%), Hong Kong's Hang Seng off 51.84 points (0.2%), and China's Shanghai Composite down 23.90 points (0.7%). European markets were trading mostly lower Monday with London's FTSE 100 off 21.40 points (0.3%), Germany's DAX losing 45.70 points (0.4%), and France's CAC 40 off 30.01 points (0.6%). The euro was 0.0014 higher at 1.0627 while the U.S. dollar index was down 0.19 at 100.32. June 30-year T-Bonds were 11/32 higher at 154'11 while June gold gained $3.60 to $1,292.10. Crude oil was $0.42 lower at $52.76 while Brent crude dipped $0.44 to $55.45. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.