DTN Early Word Grains 04/23 05:48

DTN Early Word Grains 04/23 05:48 Grain Markets Higher on Weather, Technical Factors May corn is up 3/4 cent per bushel, July soybeans are up 1 cent, July KC wheat is up 7 1/2 cents, July Chicago wheat is up 7 3/4 cents and July Minneapolis wheat is up 8 3/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: May corn is up 3/4 cent per bushel, July soybeans are up 1 cent, July KC wheat is up 7 1/2 cents, July Chicago wheat is up 7 3/4 cents and July Minneapolis wheat is up 8 3/4 cents. CME GLOBEX RECAP: World equity markets are mostly higher again Tuesday morning, as markets on Monday rebounded due to lower interest rates. With no further escalation in the Middle East this past weekend, energy prices relaxed, which takes away one of the inflationary factors that have traders worried. The recent rally in interest rates has mostly priced steady rates from the Fed through their June meeting, pending the new data that will be released over the next month and a half. Tuesday morning the market will digest new home sales numbers and the flash PMI's in services and manufacturing. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 253.58 at 38,239.98 and the S&P 500 up 43.37 at 5,010.60, The 10-Year Treasury yield ended at 4.62%. Early Tuesday, the June Dow Jones Futures are up 72 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.42%, spot futures of Germany's DAX is trading up 0.92% and the spot futures of France's CAC 40 Index up 0.68%. Asian markets are mixed with Japan's Nikkei 225 Index up 0.3% and China's Shanghai Composite Index down 0.74%.