DTN Early Word Grains 05/11 05:55

DTN Early Word Grains 05/11 05:55 Hangover from Thursday July corn was 1 cent lower, July soybeans were 5 cents lower, and July Kansas City (HRW) wheat was 3 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was 1 cent lower, July soybeans were 5 cents lower, and July Kansas City (HRW) wheat was 3 cents lower. CME Globex Recap: The grain and oilseed complex was lower overnight into early Friday morning, almost as if market participants were hung over from the abundance of government numbers released Thursday. Soybeans were sitting on session lows, corn was quietly lower, and wheat remained under pressure. This despite the U.S. dollar being under pressure again, providing support to both metals and energies. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 196.99 points (0.8%) higher at 24,739.53, the Nasdaq Composite gained 65.07 points (0.9%) to 7,404.97, and the S&P 500 added 25.25 points (0.9%) to 2,723.07 Thursday. DJIA futures were 37 points higher early Friday morning. Asian markets closed mostly higher with Japan's Nikkei 225 up 261.30 points (1.2%), Hong Kong's Hang Seng gaining 312.84 points (1.0%), and China's Shanghai Composite down 11.15 points (0.4%). European markets were trading mixed with London's FTSE 100 up 1.52 points, Germany's DAX down 44.43 points (0.3%), and France's CAC 40 down 18.88 points (0.3%). The euro was 0.0019 higher at 1.1936 as the U.S. dollar index lost 0.18 to 92.54. June 30-year T-Bonds were 11/32 higher at 143'17 while June gold gained $2.70 to $1,325.00. Crude oil was $0.18 higher at $71.54 while Brent crude added $0.05 to $77.52. China's Dalian soybean futures were lower overnight.