Starting grid...fkli firm 20-25 fcpo 2530-2550

DJ -50 but higher for the quarter after a strong showing in March, as downbeat jobs and manufacturing reports cooled a recent runup. Europe mixed. All solid 1Q.

8.20 : Dj futs +30. Regional up 0.3%. NK up +51 on Tankan survey. Commodity stronger tone. CO and GOld +1%. on weaker dollar stance against Euro.

fkli : seen at higher end of 20-25 range as regional/Dj futs would offset DJ's overnight losses. but unlikely to make further move higher till fbm makes move above 24. At the same time, as long as FBM stays above 20, selling pressure is light.

fcpo : soyoil extends its weakness, -1%, meaning fcpo would probably remain stuck at 2500-2550 in familiar neutral range.