DTN Early Word Grains 05/10 06:02

DTN Early Word Grains 05/10 06:02 Grains Red Early Report-Day Morning July corn was unchanged, July soybeans were fractionally lower, and July Kansas City (HRW) wheat was fractionally lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was unchanged, July soybeans were fractionally lower, and July Kansas City (HRW) wheat was fractionally lower. CME Globex Recap: The grain complex was showing small losses, mostly across the board, as markets gear up for USDA's May round of reports. Outside markets were mostly higher with both gold and crude oil showing gains. Meanwhile, softs were mostly lower. The U.S. dollar index continues to move higher and DJIA futures lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 36.50 points (0.2%) lower at 20,975.78, the Nasdaq Composite added 17.93 points (0.3%) to 6,120.59, and the S&P 500 dropped 2.46 points (0.1%) to 2,396.92 Tuesday. DJIA futures were 47 points lower early Wednesday morning. Asian markets closed mostly higher with Japan's Nikkei up 57.09 points (0.3%), Hong Kong's Hang Seng gaining 126.39 points (0.5%), and China's Shanghai Composite off 27.74 points (0.9%). European markets were trading mixed with London's FTSE 100 up 15.99 points (0.2%), Germany's DAX rallying 1.44 points, and France's CAC 40 losing 3.61 points. The euro was 0.0005 lower at 1.0869 while the U.S. dollar index gained 0.04 to 99.58. June 30-year T-Bonds were 18/32 higher at 151'10 while June gold added $7.70 to $1,223.80. Crude oil was $0.49 higher at $46.37 while Brent crude was up $0.48 at $49.21. China's Dalian soybean futures traded higher while Malaysian palm oil futures posted gains for the fourth consecutive night.