DTN Early Word Grains 06/02 05:55

DTN Early Word Grains 06/02 05:55 Grains Hit the Snooze Button July corn was unchanged July soybeans were 1 cent higher, and July Kansas City (HRW) wheat was unchanged. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was unchanged July soybeans were 1 cent higher, and July Kansas City (HRW) wheat was unchanged. CME Globex Recap: The first day of summer, Thursday, must have exhausted the grain markets because they all decided to sleep in Friday morning. An early morning check showed only Chicago with anything more than a fractional change, with most contracts sitting just below unchanged. Outside markets were more active with heavy selling seen in crude oil, moderate pressure continuing in gold, and the U.S. dollar index off slightly. Financial traders are eagerly awaiting the release of the May nonfarm payroll and unemployment figures. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 135.53 points (0.7%) higher at 21,144.18, the NASDAQ Composite rallied 48.31 points (0.8%) to 6,246.83, and the S&P 500 gained 18.26 points (0.8%) to 2,430.06 Thursday. DJIA futures were 62 points higher early Friday morning. Asian markets closed higher with Japan's Nikkei up 317.25 points (1.6%), Hong Kong's Hang Seng gaining 114.83 points (0.4%), and China's Shanghai Composite up 2.92 points (0.1%). European markets were trading mostly higher with London's FTSE 100 up 19.93 points (0.3%), Germany's DAX adding 176.38 points (1.4%), and France's CAC 40 gaining 47.65 points (0.9%). The euro was 0.0012 higher at 1.1224 while the U.S. dollar index dipped 0.02 to 97.18. September 30-year T-Bonds were 6/32 higher at 153'23 while August gold lost $4.70 to $1,265.40. Crude oil was $1.46 lower at $46.90 while Brent crude lost $1.51 to $49.12. China's Dalian soybean futures were higher while Malaysian palm oil futures were lower overnight.