DTN Early Word Grains 05/03 05:56

DTN Early Word Grains 05/03 05:56 Another Mixed Market Day July corn was fractionally lower, July soybeans were 2 cents higher, and July Kansas City (HRW) wheat was 5 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was fractionally lower, July soybeans were 2 cents higher, and July Kansas City (HRW) wheat was 5 cents lower. CME Globex Recap: The commodity sector was mixed early Thursday morning with grains lower (except for oats), the oilseed complex mixed, and metals and energies mostly higher. Meanwhile the U.S. dollar weakened overnight as DJIA futures rallied. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 174.07 points (0.7%) lower at 23,924.98, the NASDAQ Composite lost 29.81 points (0.4%) to 7,030.70, and the S&P 500 dropped 19.13 points (0.7%) to 2,635.67 Wednesday. DJIA futures were 47 points higher early Thursday morning. Asian markets closed mostly lower with Japan's Nikkei 225 closed, Hong Kong's Hang Seng losing 410.51 points (1.3%), and China's Shanghai Composite up 19.68 points (0.6%). European markets were trading lower with London's FTSE 100 down 4.82 points, Germany's DAX losing 40.30 points (0.3%), and France's CAC 40 losing 16.00 points (0.3%). The euro was 0.0037 higher at 1.1986 while the U.S. dollar index dropped 0.26 to 92.45. June 30-year T-Bonds were 12/32 higher at 143'20 while June gold gained $7.10 to $1,312.70. Crude oil was $0.20 higher at $68.13 as Brent crude gained $0.04 to $73.40. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight, keeping with the morning's mixed theme.