DTN Early Word Grains 04/24 05:56

DTN Early Word Grains 04/24 05:56 French Kissed or Fried, Depending on the Market July corn was 2 cents higher, July soybeans were 7 cents higher, and July Kansas City (HRW) wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was 2 cents higher, July soybeans were 7 cents higher, and July Kansas City (HRW) wheat was 2 cents higher. CME Globex Recap: First-round results of the French presidential race went to the less anti-EU Emmanuel Macron, sparking a strong rally in global equities and the euro, while putting heavy pressure on the U.S. dollar and gold. Most other commodities were trading higher, with gains seen in both the energy and grain complexes. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 30.95 points (0.1%) lower at 20,547.76. The NASDAQ Composite lost 6.26 points (0.1%) to 5,910.52 and the S&P 500 dipped 7.16 points (0.3%) to 2,348.69 Friday. DJIA futures were 200 points higher early Monday morning. Asian markets closed mostly higher with Japan's Nikkei rallying 255.13 points (1.4%), Hong Kong's Hang Seng gaining 97.46 points (0.4%), and China's Shanghai Composite off 43.62 points (1.4%). European markets were trading sharply higher Monday with London's FTSE 100 up 126.00 points (1.8%), Germany's DAX gaining 344.45 points (2.9%), and France's CAC 40 rallying 219.81 points (4.3%). The euro was 0.0113 higher at 1.0839 while the U.S. dollar index was down 1.00 at 98.98. June 30-year T-Bonds were 1 5/32 lower at 153'00 while June gold lost $16.30 to $1,272.80. Crude oil was $0.51 higher at $50.13 while Brent crude added $0.52 to $52.48. China's Dalian soybean futures were mixed while Malaysian palm oil futures were closed overnight.