DTN Early Word Grains 04/02 05:55

DTN Early Word Grains 04/02 05:55 Soybeans: No Tariff, No Top May corn was 4 cents higher, May soybeans were 12 cents higher, and July Kansas City (HRW) wheat was 7 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 4 cents higher, May soybeans were 12 cents higher, and July Kansas City (HRW) wheat was 7 cents higher. CME Globex Recap: Similar to last Thursday's post-report bullish reaction in the grain and oilseed complex, old-crop soybeans once again led the way higher coming out of the 3-day holiday weekend. May beans were showing a double-digit gain, with corn and Chicago wheat up 3 cents. Kansas City wheat gained 7 cents. Early Monday morning found energies and metals both higher while DJIA futures and the U.S. dollar index were lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 254.69 points (1.1%) higher at 24,103.11, the NASDAQ Composite gained 114.22 points (1.6%) to 7,063.44, and the S&P 500 rallied 35.87 points (1.3%) to 2,640.87 Thursday. DJIA futures were 68 points lower early Monday morning. Asian markets closed mixed with Japan's Nikkei 225 down 65.72 points (0.3%), Hong Kong's Hang Seng closed, and China's Shanghai Composite off 5.72 points (0.2%). European markets were trading higher with London's FTSE 100 up 11.87 points (0.2%), Germany's DAX rallying 156.02 points (1.3%), and France's CAC 40 adding 36.83 points (0.7%). The euro was 0.0005 higher at 1.2329 while the U.S. dollar index dipped 0.07 to 89.91. June 30-year T-Bonds were 11/32 lower at 146'09 while April gold gained $8.10 to $1,330.90. Crude oil was $0.23 higher at $65.17 as Brent crude added $0.40 to $69.74. China's Dalian soybean futures were mixed and Malaysian palm oil futures were higher overnight.