DTN Early Word Grains 06/07 05:55

DTN Early Word Grains 06/07 05:55 Nothing Fractional About It July corn was 2 cents higher, July soybeans were 4 cents higher, and July Kansas City (HRW) wheat was 5 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was 2 cents higher, July soybeans were 4 cents higher, and July Kansas City (HRW) wheat was 5 cents higher. CME Globex Recap: For the first time in weeks, or so it seems, none of the grains could be described as "fractionally" lower or higher to start the day. All three major markets - yes, including corn - were showing gains of at least 2 cents overnight into Wednesday morning. This despite a rally in the U.S. dollar index that had other commodities on the defensive with both gold and crude oil showing small losses. DJIA futures were under pressure again as well. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 47.81 points (0.2%) lower at 21,136.23, the NASDAQ Composite dipped 20.63 points (0.3%) to 6,275.06, and the S&P 500 slipped 6.77 points (0.3%) to 2,429.33 Tuesday. DJIA futures were 12 points lower early Wednesday morning. Asian markets closed mixed with Japan's Nikkei up 4.72 points, Hong Kong's Hang Seng off 22.98 points (0.1%), and China's Shanghai Composite rallying 38.20 points (1.2%). European markets were trading mostly higher with London's FTSE 100 up 11.87 points (0.2%), Germany's DAX off 0.34 point, and France's CAC 40 gaining 22.22 points (0.4%). The euro was 0.0032 lower at 1.1245 while the U.S. dollar index was 0.30 higher at 96.83. September 30-year T-Bonds were 2/32 lower at 154'29 while August gold lost $3.40 to $1,294.10. Crude oil was $0.18 lower at $48.01 while Brent crude dipped $0.25 to $49.87. China's Dalian soybean futures were higher while Malaysian palm oil futures were lower overnight.