DTN Early Word Grains 05/04 06:01

DTN Early Word Grains 05/04 06:01 Another Friday Coming Down July corn was 1 cent lower, July soybeans were 15 cents lower, and July Kansas City (HRW) wheat was 7 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was 1 cent lower, July soybeans were 15 cents lower, and July Kansas City (HRW) wheat was 7 cents lower. CME Globex Recap: The rumor of a trade deal between the United States and China that sparked a rally late Thursday looks to have been dispelled overnight. Soybeans were showing strong double-digit losses, wheat was down about a nickel, and corn was a penny lower. Other commodity sectors were mixed with metals mostly lower and energies mostly higher. The U.S. dollar index rallied once again while DJIA futures slipped lower. OUTSIDE MARKETS: The Dow closed 5.17 points higher at 23,930.15, the Nasdaq Composite lost 12.75 points (0.2%) to 7,088.15, and the S&P 500 dipped 5.94 points (0.2%) to 2,629.73 Thursday. DJIA futures were 25 points lower early Friday morning. Asian markets closed lower with Japan's Nikkei 225 down 35.25 points (0.1%), Hong Kong's Hang Seng losing 386.87 points (1.3%), and China's Shanghai Composite off 9.83 points (0.3%). European markets were trading mostly higher with London's FTSE 100 up 41.77 points (0.6%), Germany's DAX adding 57.99 points (0.5%), and France's CAC 40 off 0.41 point. The euro was 0.0031 lower at 1.1957 while the U.S. dollar index gained 0.17 to 92.60. June 30-year T-Bonds were 6/32 higher at 143'24 while June gold dropped $2.70 to $1,310.00. Crude oil was $0.04 higher at $68.47 as Brent crude added $0.04 to $73.66. China's Dalian soybean futures were mixed and Malaysian palm oil futures were higher overnight.