DTN Early Word Grains 05/17 05:51

DTN Early Word Grains 05/17 05:51 Grain Markets Higher Friday on Planting Delays, Strength in Palm Oil and European Wheat Contracts July corn is up 2 3/4 cents per bushel, July soybeans are up 11 cents, July KC wheat is up 11 1/4 cents, July Chicago wheat is up 9 1/2 cents and July Minneapolis wheat is up 6 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is up 2 3/4 cents per bushel, July soybeans are up 11 cents, July KC wheat is up 11 1/4 cents, July Chicago wheat is up 9 1/2 cents and July Minneapolis wheat is up 6 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed Friday morning, after U.S. markets on Thursday retreated from lifetime highs to close the day slightly lower. Continued uncertainty around the direction of the economy and the timing of interest rate cuts from the Fed was responsible for the late session weakness. Thursday's economic news provided mostly worse than expected economic data. Friday morning, we will get the U.S. leading economic indicators at 7:30 a.m. CDT. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average down 38.62 at 39,869.38 and the S&P 500 down 11.05 at 5,297.10, The 10-Year Treasury yield ended at 4.595%. Early Friday, the June Dow Jones Futures are down 6 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.31%, spot futures of Germany's DAX is trading down 0.37% and the spot futures of France's CAC 40 Index down 0.44%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.34% and China's Shanghai Composite Index up 1.01%.