DTN Early Word Grains 05/08 06:08

DTN Early Word Grains 05/08 06:08 Macron, E. and "Cheese" July corn was 2 cents lower, July soybeans were 4 cents lower, and July Kansas City (HRW) wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was 2 cents lower, July soybeans were 4 cents lower, and July Kansas City (HRW) wheat was 2 cents lower. CME Globex Recap: While the pro-EU Emmanuel Macron smiles for the camera as the newly elected president of France, the euro has seen its pressure valve released, sending it lower early Monday morning. The U.S. dollar index is trading higher, but oddly enough, so is gold and crude oil. Grains are lower following a better weather weekend (anything was better than the previous weekend), led by continued selling in winter wheat. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 55.47 points (0.3%) higher at 21,006.94, the Nasdaq Composite added 25.42 points (o.4%) to 6,100.76, and the S&P 500 gained 9.77 points (0.4%) to 2,399.29 Friday. DJIA futures were 39 points lower early Monday morning. Asian markets closed mostly higher with Japan's Nikkei up 450 points (2.3%), Hong Kong's Hang Seng gaining 101.56 points (0.4%), and China's Shanghai Composite off 24.42 points (0.8%). European markets were trading mostly lower following Macron's victory in France with London's FTSE 100 down 2.15 points, Germany's DAX losing 38.49 points (0.3%), and France's CAC 40 off 51.29 points (0.9%). The euro was 0.0052 lower at 1.0946 while the U.S. dollar index gained 0.31 to 98.89. June 30-year T-Bonds were 19/32 higher at 152'13 while June gold gained $8.80 to $1,235.70. Crude oil was unchanged at $46.22 while Brent crude was also unchanged at $49.10. China's Dalian soybean futures were mostly higher while Malaysian palm oil futures were higher again overnight.