DTN Early Word Grains 04/05 05:48

DTN Early Word Grains 04/05 05:48 Grain Markets Mixed, But Corn, Wheat Rallying Again Friday Morning May corn is up 2 1/4 cents per bushel, May soybeans are down 1 1/2 cents, May KC wheat is up 6 cents, May Chicago wheat is up 10 1/4 cents and May Minneapolis wheat is up 4 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: May corn is up 2 1/4 cents per bushel, May soybeans are down 1 1/2 cents, May KC wheat is up 6 cents, May Chicago wheat is up 10 1/4 cents and May Minneapolis wheat is up 4 1/2 cents. CME GLOBEX RECAP: World equity markets are lower Friday morning, catching up to the losses seen in the U.S. markets late in the session Thursday. Early trade in the U.S. was stronger, as initial jobless claims were higher than expected and the U.S. trade balance was a little worse than expected. However, U.S. markets experienced a sharp selloff late in the session as crude oil prices staged a sharp rally, stoking renewed inflation fears. Additionally, a number of comments from Federal Reserve members took a more hawkish tone regarding interest rates. The most widely quoted comment came from Minneapolis Fed Chair Neel Kashkari who said the strong labor market and decent GDP growth suggested to him there was no reason to cut rates. Eventually, U.S. markets had their worst day in over six weeks. Friday morning, we will get the new jobs report for the month of March, and with Kashkari's comments Thursday fresh in the minds of traders, a strong report could send stocks lower once again. OUTSIDE MARKETS: Previous close Thursday showed the Dow Jones Industrial Average down 530.16 at 38,596.98 and the S&P 500 down 64.28 at 5,147.21, The 10-Year Treasury yield ended at 4.31%. Early Friday, the June Dow Jones Futures are up 48 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.97%, spot futures of Germany's DAX is trading down 1.52% and the spot futures of France's CAC 40 Index down 1.47%. Asian markets are lower with Japan's Nikkei 225 Index down 1.96% and China's Shanghai Composite Index down 0.18%.