DTN Early Word Grains 05/03 06:32

DTN Early Word Grains 05/03 06:32 Grain Markets Higher Again Friday, Primarily on U.S., Global Weather July corn is up 4 1/2 cents per bushel, July soybeans are up 8 3/4 cents, July KC wheat is up 17 cents, July Chicago wheat is up 13 1/2 cents and July Minneapolis wheat is up 4 3/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is up 4 1/2 cents per bushel, July soybeans are up 8 3/4 cents, July KC wheat is up 17 cents, July Chicago wheat is up 13 1/2 cents and July Minneapolis wheat is up 4 3/4 cents. CME GLOBEX RECAP: World equity markets are mostly higher after Thursday's rally in U.S. markets that regained much of what was lost in the late session selloff on Wednesday. The rally on Thursday was primarily driven by the dovish comments from Fed Chairman Powell and his insistence that any rate increases are still off the table. Friday morning, we will get the April employment report and the trade is looking for 240,000 jobs. That will be the key driver of price action after its release. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 322.37 at 38,225.66 and the S&P 500 up 45.81 at 5,064.20, The 10-Year Treasury yield ended at 4.643%. Early Friday, the June Dow Jones Futures are up 318 points. European markets are mixed/higher/lower with the spot futures of London's FTSE 100 trading up 0.49%, spot futures of Germany's DAX is trading up 0.49% and the spot futures of France's CAC 40 Index up 0.73%. Asian markets are mixed/higher/lower with Japan's Nikkei 225 Index is steady and the China's Shanghai Composite Index remains closed on holiday.