DTN Early Word Grains 05/31 06:04

DTN Early Word Grains 05/31 06:04 Greener Grains After Recent Rains July corn was 3 cents higher, July soybeans were 2 cents higher, and July Kansas City (HRW) wheat was 3 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was 3 cents higher, July soybeans were 2 cents higher, and July Kansas City (HRW) wheat was 3 cents higher. CME Globex Recap: The grain and oilseed complex was able to stabilize overnight with light buying seen in most markets. Only canola and oats were showing small losses early Thursday morning. The U.S. dollar remained under pressure, helping gold rally, though crude oil continued to slip. DJIA futures were also showing a small loss following two wild swinging sessions by the Big Board. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 306.33 points (1.3%) higher at 24,667.78, the Nasdaq Composite gained 65.86 points (0.9%) to 7,462.45, and the S&P 500 rallied 34.15 points (1.3%) to 2,724.01 Wednesday. DJIA futures were 40 points lower early Thursday morning. Asian markets closed higher with Japan's Nikkei 225 up 183.30 points (0.8%), Hong Kong's Hang Seng up 411.77 points (1.4%), and China's Shanghai Composite up 54.03 points (1.8%). European markets were trading mostly higher with London's FTSE 100 up 14.28 points (0.2%), Germany's DAX down 56.75 points (0.4%), and France's CAC 40 up 5.99 points (0.1%). The euro was 0.0025 higher at 1.1690 as the U.S. dollar index dropped another 0.15 to 93.92. The 10-year Treasury yield closed at 2.842% Wednesday with June 30-year T-Bonds 9/32 lower at 145'05 overnight. August gold gained $2.40 to $1,308.90 while crude oil lost $0.48 to $67.73. China's Dalian soybean and Malaysian palm oil futures were higher again overnight.