DTN Early Word Grains 04/27 05:54

DTN Early Word Grains 04/27 05:54 Turnaround Friday July corn was unchanged, July soybeans were 5 cents lower, and July Kansas City (HRW) wheat was 1 cent higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was unchanged, July soybeans were 5 cents lower, and July Kansas City (HRW) wheat was 1 cent higher. CME Globex Recap: Markets in general were moving in the opposite direction of Thursday's close. That makes Friday, at least early, a Turnaround Friday. Why should Tuesday have all the fun? Corn and the soybean complex was in the red while wheat markets were green. The energy complex was all under pressure. Metals were mixed with gold showing a small gain. All while the U.S. dollar index pressed toward next resistance at 91.93. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 238.51 points (1.0%) higher at 24,322.34, the NASDAQ Composite gained 119.94 points (1.6%) to 7,116.68, and the S&P 500 added 27.54 points (1.0%) to 2,666.94 Thursday. DJIA futures were 80 points lower early Friday morning. Asian markets closed higher with Japan's Nikkei 225 up 148.26 points (0.7%), Hong Kong's Hang Seng gaining 272.99 points (0.9%), and China's Shanghai Composite rallying 7.20 points (0.2%). European markets were trading higher with London's FTSE 100 up 42.47 points (0.6%), Germany's DAX gaining 82.14 points (0.6%), and France's CAC 40 adding 14.11 points (0.3%). The euro was 0.0028 lower at 1.2076 while the U.S. dollar index gained 0.28 to 91.85. June 30-year T-Bonds were 14/32 higher at 142'26 while June gold rallied $0.80 to $1,318.70. Crude oil was $0.24 lower at $67.95 as Brent crude lost $0.26 to $74.48. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.