DTN Early Word Grains 04/01 05:55

DTN Early Word Grains 04/01 05:55 Grains Mixed After USDA Fallout May corn is up 3 1/4 cents per bushel, May soybeans are up 5 1/4 cents, and May K.C. wheat is down 1/2 cent. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: May corn is up 3 1/4 cents per bushel, May soybeans are up 5 1/4 cents, and May K.C. wheat is down 1/2 cent. CME Globex Recap: Global equities are higher around the world Monday morning as Chinese equities hit their highest level in a year overnight as economic data on manufacturing improved. Investors also took some solace in the weekend trade talks between the U.S. and China, although more discussions will take place this week in Washington. Crude oil is back above $60 per barrel with its 200-day moving average just overhead at $61.68. Grains are mixed Monday morning with row crops higher and wheat mixed to lower. Friday's USDA reports were universally bearish and will have traders recalculating fair value after bushels of corn, soybeans and wheat all came in larger than expected. The bushels from the stocks report are already here and on the balance sheet while acreage is just a placeholder until producers actually hit the fields. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average up 211.22 at 25,928.68 and the S&P 500 up 18.96 at 2,815.44 while the 10-Year Treasury yield ended at 2.414%. Early Monday, the June DJIA futures are up 189 points. Asian markets are higher with Japan's Nikkei 225 up 303.22 (1.43%) and China's Shanghai Composite up 79.6 points (2.58%). European markets are higher with London's FTSE 100 up 55.1 points (0.76%), Germany's DAX up 143.54 points (1.25%) and France's CAC 40 up 44.4 points (0.64%). The June Euro is up 0.003 at 1.130 and the June U.S. dollar index is down 0.205 at 96.640. The June 30-Year T-Bond is down 13/32nds, while June gold is down $2.40 at $1,296.10 and May crude oil is up $0.50 at $60.64. Soybeans on China's Dalian Exchange were up 0.12% while soybean meal was down -0.32%.