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DTN Early Word Grains         04/28 05:55
   More of the Same as April Nears its End

   July corn was 1 cent lower, July soybeans were fractionally lower, and July
Kansas City (HRW) wheat was 2 cents higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   July corn was 1 cent lower, July soybeans were
fractionally lower, and July Kansas City (HRW) wheat was 2 cents higher.

CME Globex Recap:   Once again, grain markets were mixed early Friday morning
following a quiet overnight session. Kansas City (HRW) continued to show the
most strength, as far as gains go, though the complex in general showed little
buying interest associated to the sell-off in the U.S. dollar. Energies and
metals were mostly higher while softs were mostly lower, the latter continuing
Thursday's rough session.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 6.24 points higher
at 20,981.33. The NASDAQ Composite gained 23.71 points (0.4%) to 6,048.94 and
the S&P 500 added 1.32 points to 2,388.77 Thursday. DJIA futures were 3 points
higher early Friday morning. Asian markets closed mostly lower with Japan's
Nikkei down 55.13 points (0.3%), Hong Kong's Hang Seng off 83.35 points (0.3%),
and China's Shanghai Composite up 2.47 points. European markets were trading
mostly higher Friday with London's FTSE 100 off 18.33 points (0.2%), Germany's
DAX gaining 15.31 points (0.1%), and France's CAC 40 up 14.28 points (0.3%).
The euro was 0.0067 higher at 1.0940 while the U.S. dollar index lost 0.40 at
98.76. June 30-year T-Bonds were 8/32 lower at 152'15 while June gold added
$2.20 to $1,268.10. Crude oil was $0.33 higher at $49.30 while Brent crude
gained $0.24 to $51.68. China's Dalian soybean and Malaysian palm oil futures
were both mostly higher overnight.
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