DTN Early Word Grains 04/03 05:54

DTN Early Word Grains 04/03 05:54 Turning Around Again May corn was fractionally higher, May soybeans were 8 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 fractionally higher, May soybeans were 8 cents higher, and July Kansas City (HRW) wheat was 7 cents higher. CME Globex Recap: Once again, markets were unable to follow-through on Monday activity overnight into Tuesday mornings, setting up the tired clich of "Turnaround Tuesday". Most notable of these markets were soybeans, energies, and DJIA futures. Corn did what it usually does and trade fractionally lower while Kansas City wheat did continue its move higher. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 458.92 points (1.9%) lower at 23,644.19, the NASDAQ Composite lost 193.33 points (2.7%) to 6,870.12, and the S&P 500 fell 58.99 points (2.2%) to 2,581.88 Monday. DJIA futures were 49 points higher early Tuesday morning. Asian markets closed mostly lower with Japan's Nikkei 225 down 96.29 points (0.5%), Hong Kong's Hang Seng up 86.72 points (0.3%), and China's Shanghai Composite off 26.55 points (0.8%). European markets were trading lower with London's FTSE 100 down 44.10 points (0.6%), Germany's DAX falling 157.89 points (1.3%), and France's CAC 40 losing 39.96 points (0.8%). The euro was 0.0009 higher at 1.2311 while the U.S. dollar index dipped 0.06 to 89.97. June 30-year T-Bonds were 11/32 lower at 146'13 while April gold lost $4.50 to $1,337.60. Crude oil was $0.34 higher at $63.35 as Brent crude added $0.34 to $67.98. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight.