DTN Early Word Grains 04/30 05:48

DTN Early Word Grains 04/30 05:48 Grain Markets Lower on Planting Progress, Heavy Deliveries in Chicago Wheat, Soybeans, Soybean Oil July corn is down 1 cent per bushel, July soybeans are down 1/4 cent, July KC wheat is down 7 1/4 cents, July Chicago wheat is down 6 1/4 cents and July Minneapolis wheat is down 4 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is down 1 cent per bushel, July soybeans are down 1/4 cent, July KC wheat is down 7 1/4 cents, July Chicago wheat is down 6 1/4 cents and July Minneapolis wheat is down 4 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed Tuesday morning. Monday's U.S. session was quiet with a slightly higher close. The Federal Reserve begins its meeting Tuesday and will wrap up Wednesday with a press conference from Chairman Powell. Traders are waiting patiently to gage the relative hawkishness or dovishness of Powell's comments in that press conference. But sentiment is nearly universal that no rate changes will be made at this month's meeting. We didn't have any new economic data Monday, but we do get several new reports Tuesday at 7:30 a.m. CDT: Employment Cost Index, S&P Case-Shiller Home Price Index (20 cities), the Chicago Business Barometer (PMI), and Consumer Confidence. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 146.43 at 38,386.09 and the S&P 500 up 16.21 at 5,116.17, The 10-Year Treasury yield ended at 44.83%. Early Tuesday, the June Dow Jones Futures are down 9 points. European markets are mixed with the spot futures of London's FTSE 100 trading up 0.45%, spot futures of Germany's DAX is trading down 0.49% and the spot futures of France's CAC 40 Index up 0.01%. Asian markets are mixed with Japan's Nikkei 225 Index up 0.17% and China's Shanghai Composite Index down 0.26%.