DTN Early Word Grains 05/02 05:56

DTN Early Word Grains 05/02 05:56 Grains Stay Green, Mostly July corn was fractionally lower, July soybeans were 7 cents higher, and July Kansas City (HRW) wheat was 6 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was fractionally lower, July soybeans were 7 cents higher, and July Kansas City (HRW) wheat was 6 cents higher. CME Globex Recap: Soybeans and wheat were higher again overnight into early Tuesday morning while corn showed fractional losses. The soy complex had actually taken the baton from the wheat complex, at least for a few hours, supported by what looked to be continued noncommercial buying. Outside markets were also mostly higher with softs, metals, and energies all showing gains for the most part. The U.S. dollar index and DJIA futures were slightly lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 27.05 points (0.1%) lower at 20,913.46. The NASDAQ Composite gained 44.00 points to 6,091.60 and the S&P 500 added 4.13 points (0.2%) to 2,388.33 Monday. DJIA futures were 5 points lower early Tuesday morning. Asian markets closed mostly higher with Japan's Nikkei up 135.18 points (0.7%), Hong Kong's Hang Seng gained 81.00 points (0.3%), and China's Shanghai Composite dropped 10.95 points (0.4%). European markets were trading higher Tuesday with London's FTSE 100 up 40.55 points (0.6%), Germany's DAX adding 16.68 points (0.1%), and France's CAC 40 gaining 19.16 points (0.4%). The euro was 0.0017 higher at 1.0917 while the U.S. dollar index dipped 0.09 to 99.04. June 30-year T-Bonds were 4/32 lower at 151'28 while June gold gained $0.80 to $1,256.30. Crude oil was $0.23 higher at $49.07 while Brent crude added $0.40 to $51.92. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.