DTN Early Word Grains 05/03 06:00

DTN Early Word Grains 05/03 06:00 Grain Markets Higher on Wet Forecast, Planting Delays July corn is up 1/2 cent per bushel, July soybeans are up 1 3/4 cents, and July K.C. wheat is up 1 3/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: July corn is up 1/2 cent per bushel, July soybeans are up 1 3/4 cents, and July K.C. wheat is up 1 3/4 cents. CME Globex Recap: Upbeat European economic data as well as expectations for another strong employment report in the U.S. have equity markets trading higher to close the week. The market consensus for today's April payroll report is to show an increase of 190,000 which would be slightly below March at 196,000 and just slightly below the 12-month trend average of 211,000. Grain markets are higher across the board Friday morning with more moisture falling in the Northern Plains and Eastern Corn Belt. Additional moisture is on the way for the heart of the Corn Belt late this weekend and early next week which will keep planting progress at a standstill. By the end of next week, we should have a handle on whether a U.S.-China trade deal is going to happen or not. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 122.35 at 26,307.79 and the S&P 500 down 6.21 at 2,923.73 while the 10-Year Treasury yield ended at 2.552%. Early Friday, the June DJIA futures are up 78 points. Asian markets are closed. European markets are higher with London's FTSE 100 up 51.11 points (0.7%), Germany's DAX up 49.04 points (0.4%) and France's CAC 40 up 19.16 points (0.35%). The June Euro is down 0.002 at 1.120 and the June U.S. dollar index is up 0.124 at 97.710. The June 30-Year T-Bond is down 3/32nds, while June gold is down $1.30 at $1,270.70 and June crude oil is down $0.33 at $61.48. China's Dalian Exchange is closed.