DTN Early Word Grains 04/12 05:54

DTN Early Word Grains 04/12 05:54 Grain Markets Mostly Higher, Rebounding From Thursday's USDA-Related Selloff May corn is up 1 cent per bushel, May soybeans are up 4 1/2 cents, May KC wheat is up 4 3/4 cents, May Chicago wheat is up 3 cents and May Minneapolis wheat is down 1/2 cent. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: May corn is up 1 cent per bushel, May soybeans are up 4 1/2 cents, May KC wheat is up 4 3/4 cents, May Chicago wheat is up 3 cents and May Minneapolis wheat is down 1/2 cent. CME GLOBEX RECAP: World equity markets are mixed but have a firm tone in Europe as a late rally in U.S. futures Thursday is spilling over to European markets Friday. The PPI data Thursday was viewed as not being quite as inflationary as the CPI numbers but the core PPI which is still at 2.8% year over year is above the Fed target. Interest rates this week have moved to over 4.5% on the 10-year note, but the interest rate sensitive NASDAQ still managed to post a record close Thursday on bullish news from Apple. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average down 2.43 at 38,459.08 and the S&P 500 up 38.42 at 5,199.06, The 10-Year Treasury yield ended at 4.58%. Early Friday, the June Dow Jones Futures are up 21 points. European markets are higher with the spot futures of London's FTSE 100 trading up 1.3%, spot futures of Germany's DAX is trading up 0.91% and the spot futures of France's CAC 40 Index up 0.9%. Asian markets are mixed with Japan's Nikkei 225 Index up 0.21% and China's Shanghai Composite Index down 0.49%.