DTN Early Word Grains 04/24 05:45

DTN Early Word Grains 04/24 05:45 Grain Markets Mixed but Mostly Lower, Staging Small Correction May corn is down 1/2 cent per bushel, July soybeans are down 1 cent, July KC wheat is down 2 1/2 cents, July Chicago wheat is down 4 1/4 cents and July Minneapolis wheat is down 3 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: May corn is down 1/2 cent per bushel, July soybeans are down 1 cent, July KC wheat is down 2 1/2 cents, July Chicago wheat is down 4 1/4 cents and July Minneapolis wheat is down 3 cents. CME GLOBEX RECAP: World equity markets are mostly higher again Wednesday morning, catching up to a strong close in U.S. markets on Tuesday. Interest rates were stable and reported earnings at many U.S. companies are beating expectations. Concerns still exist regarding the impact of high interest rates on the economy and the likelihood of rates remaining higher for longer. Economic data on Tuesday was mixed, with the flash PMIs from S&P both weaker than expectations. The services PMI was 50.9 and the manufacturing PMI was 49.9, with expectations that both numbers would be 52.0. New home sales were stronger than anticipated, at 693,000 homes compared to expectations at 669,000 homes. Durable goods will be released Wednesday morning. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 263.71 at 38,503.69 and the S&P 500 up 59.95 at 5,070.55, The 10-Year Treasury yield ended at 4.60%. Early Wednesday, the June Dow Jones Futures are down 11 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.55%, spot futures of Germany's DAX is trading up 0.19% and the spot futures of France's CAC 40 Index up 0.37%. Asian markets are higher with Japan's Nikkei 225 Index up 2.42% and China's Shanghai Composite Index up 0.76%.