DTN Early Word Grains 04/12 05:55

DTN Early Word Grains 04/12 05:55 Different, But the Same May corn was 1 cent lower, May soybeans were 3 cents higher, and July Kansas City (HRW) wheat was 10 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was 1 cent lower, May soybeans were 3 cents higher, and July Kansas City (HRW) wheat was 10 cents lower. CME Globex Recap: Another early morning, another early morning with markets similar to what they were 24 hours before. Soybeans erased Wednesday's late sell-off while corn was, you guessed it, quietly lower. Winter wheat, though, was sharply lower led by the Kansas City market. One change was in financial markets with gold down almost double-digits while the U.S. dollar index rallied on talk of steeper interest rate hikes by the FOMC. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 218.55 points (0.9%) lower at 24,189.45, the NASDAQ Composite lost 25.27 points (0.4%) to 7,069.03, and the S&P 500 fell 14.68 points (0.6%) to 2,642.19 Wednesday. DJIA futures were 32 points higher early Thursday morning. Asian markets closed mostly lower with Japan's Nikkei 225 down 26.82 points (0.1%), Hong Kong's Hang Seng off 66.43 points (0.2%) and China's Shanghai Composite losing 27.92 points (0.9%). European markets were trading mostly lower with London's FTSE 100 down 1.27 points, Germany's DAX off 0.18 point, and France's CAC 40 off 1.52 points. The euro was 0.0031 lower at 1.2338 while the U.S. dollar index gained 0.24 to 89.75. June 30-year T-Bonds were 1/32 higher at 146'05 while June gold lost $8.00 to $1,352.00. Crude oil was $0.30 higher at $67.12 as Brent crude gained $0.24 to $72.30. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.