DTN Early Word Grains 05/17 05:53

DTN Early Word Grains 05/17 05:53 Corn, Wheat on Track For Higher Friday Finishes July corn is up 4 3/4 cents, July soybeans are down 2 1/4 cents and July KC wheat is up 5 cents. By Todd Hultman DTN Lead Analyst 6:00 a.m. CME Globex: July corn is up 4 3/4 cents, July soybeans are down 2 1/4 cents and July KC wheat is up 5 cents. CME Globex Recap: Dow Jones futures are starting lower early Friday, in line with lower European markets. The June U.S. dollar index is up 0.07, but staying quiet near its highest prices in two years, while most other commodities are mixed. Corn is on track to complete a bullish outside weekly reversal Friday, facing serious planting challenges in May. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 214.66 at 25,862.68 and the S&P 500 up 25.36 at 2,876.32, while the 10-yr Treasury yield ended at 2.40%. Early Friday, DJIA futures are down 107 points. Asian markets are mixed with Japan's Nikkei 225 up 187.11 (0.9%) and China's Shanghai Composite down 73.41 points (-2.5%). European markets are lower with London's FTSE 100 down 35.55 points (-0.5%), Germany's DAX down 96.03 points (-0.8%), and France's CAC 40 down 31.79 points (-0.6%). The June Euro is down 0.001 at $1.119 and the June U.S. dollar index is up 0.07 at 97.75. The June 30-Year T-Bond is up 9/32nds, while June gold is down $0.80 at $1,285.40 and June crude oil is up $0.51 at $63.38. Soybeans on China's Dalian Exchange were showing a small loss, while meal had a slight gain.