DTN Early Word Grains 06/09 06:17

DTN Early Word Grains 06/09 06:17 Grains Ease Back Ahead Of USDA, Hot Weekend July corn was 3 cents lower, July soybeans were 2 cents lower, and July Kansas City (HRW) wheat was 5 1/4 cents lower. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: July corn was 3 cents lower, July soybeans were 2 cents lower, and July Kansas City (HRW) wheat was 5 1/4 cents lower. CME Globex Recap: Grains were all lower early, ahead of Friday's next round of monthly supply and demand estimates from USDA. Hot temperatures the next several days should keep prices supported, but traders are understandably wary. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 8.84 points higher at 21,182.53, the NASDAQ Composite gained 24.38 points to 6,321.76, and the S&P 500 added 0.65 points to 2,433.79 Thursday. DJIA futures were 20 points higher early Friday morning. Asian markets closed mostly higher with Japan's Nikkei up 104.00 points (0.5%), Hong Kong's Hang Seng down 32.77 points (-.1%), and China's Shanghai Composite adding 8.07 points (0.3%). European markets were trading mostly higher with London's FTSE 100 up 49.38 points, Germany's DAX up 63.00 points (0.5%), and France's CAC 40 gaining 22.26 points (0.4%). The euro was 0.00425 lower at 1.11865 while the U.S. dollar index was 0.15 higher at 97.36. September 30-year T-Bonds were 1/32 higher at 155'19 while August gold lost $3.00 to $1,276.50. Crude oil was $0.21 higher at $45.85 while Brent crude gained $0.22 to $48.07. China's Dalian soybean futures were higher while Malaysian palm oil futures were up .4% overnight.