DTN Early Word Grains 05/01 05:54

DTN Early Word Grains 05/01 05:54 Mayday on May Day July corn was fractionally higher, July soybeans were 4 cents lower, and July Kansas City (HRW) wheat was 6 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was fractionally higher, July soybeans were 4 cents lower, and July Kansas City (HRW) wheat was 6 cents lower. CME Globex Recap: The grain and oilseed complex was going down early Tuesday morning, with solid follow-through selling seen in soybeans. Corn, as usual, did little, while wheat came under pressure as well. Other commodity sectors were also in the red with softs, metals, and energies all showing losses. Meanwhile, the U.S. dollar index continued to firm overnight. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 148.04 points (0.6%) lower at 24,163.15, the NASDAQ Composite lost 53.53 points (0.7%) to 7,006.27, and the S&P 500 dropped 21.86 points (0.8%) to 2,648.05 Monday. DJIA futures were 48 points lower early Tuesday morning. Asian markets closed mixed with Japan's Nikkei 225 up 40.16 points (0.2%), Hong Kong's Hang Seng closed, and China's Shanghai Composite closed. European markets were trading mixed with London's FTSE 100 up 26.57 points (0.4%), Germany's DAX closed, and France's CAC 40 closed. The euro was 0.0043 lower at 1.2036 while the U.S. dollar index gained 0.37 to 92.18. June 30-year T-Bonds were 12/32 lower at 143'15 while June gold dropped $9.30 to $1,309.90. Crude oil was $0.52 lower at $68.05 as Brent crude lost $0.39 to $74.30. China's Dalian soybean and Malaysian palm oil futures were both closed overnight.