DTN Early Word Grains 04/29 06:03

DTN Early Word Grains 04/29 06:03 Grains Mixed on Planting Delays, Rain for the Southern Plains July corn is up 2 cents per bushel, July soybeans are up 1/2 cent, and July K.C. wheat is down 2 1/2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: July corn is up 2 cents per bushel, July soybeans are up 1/2 cent, and July K.C. wheat is down 2 1/2 cents. CME Globex Recap: Global equity markets are mostly weaker Monday morning, as is the U.S. Dollar Index, following a run to two-year highs on Friday. Another week focused on trade as the United States' top two negotiators resume talks today in Beijing before their Chinese counterparties come to Washington next week. Financial media would certainly suggest progress is being made and a deal is likely by the end of May or the beginning of June. This week will also see the next Federal Reserve FOMC meeting where the Fed is expected to leave its neutral policy toward interest rates unchanged. Grains are mixed Monday morning with row crops higher on incoming moisture and planting delays while winter wheat futures are softer with beneficial rain seen in the southern plains and the start of the Wheat Quality Council tour. May Kansas City wheat futures traded with a "3-handle" Friday and Monday morning as the contract nears delivery OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average up 81.25 at 26,543.33 and the S&P 500 up 13.71 at 2,926.17 while the 10-Year Treasury yield ended at 2.505%. Early Monday, the June DJIA futures are down 1 point. Asian markets are lower with Japan's Nikkei 225 down 48.85 (-0.22%) and China's Shanghai Composite down 23.9 points (-0.77%). European markets are lower with London's FTSE 100 down 20.56 points (-0.28%), Germany's DAX down 47.32 points (-0.38%) and France's CAC 40 down 16.15 points (-0.29%). The June Euro is up 0.001 at 1.120 and the June U.S. dollar index is down 0.031 at 97.695. The June 30-Year T-Bond is down 1/32nds, while June gold is down $4.70 at $1,284.10 and June crude oil is down $0.64 at $62.66. Soybeans on China's Dalian Exchange were down -0.18% while soybean meal was up 0.2%.