DTN Early Word Grains 06/13 05:56

DTN Early Word Grains 06/13 05:56 Spring Wheat Springs Wheat, and the Other Grains July corn was 2 cents higher, July soybeans were 2 cents higher, and September Minneapolis (HRS) wheat was 16 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was 2 cents higher, July soybeans were 2 cents higher, and September Minneapolis (HRS) wheat was 16 cents higher. CME Globex Recap: Minneapolis spring wheat found renewed buying interest overnight, rallying more than 21 cents at one point before pulling back from its session high slightly. Winter wheat contracts followed, at a distance, as did corn and soybeans. Meanwhile, soybean oil and canola turned lower as Malaysian palm oil came under pressure. Outside trade saw softs mostly lower, led by cotton, energies mostly higher, and metals lower. Financials switched places from early Monday with DJIA futures showing a gain while the U.S. dollar index was lower as the U.S. FOMC begins its two-day June meeting. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 36.30 points (0.2%) lower at 21,235.67, the NASDAQ Composite fell 32.45 points (0.5%) to 6,175.46, and the S&P 500 lost 2.38 points (0.1%) to 2,429.39 Monday. DJIA futures were 23 points higher early Tuesday morning. Asian markets closed mostly higher with Japan's Nikkei off 9.83 points, Hong Kong's Hang Seng rallying 144.06 points (0.6%), and China's Shanghai Composite adding 13.87 points (0.4%). European markets were trading higher with London's FTSE 100 up 11.05 points (0.2%), Germany's DAX gaining 74.12 points (0.6%), and France's CAC 40 adding 24.45 points (0.5%). The euro was 0.0008 higher at 1.1211 while the U.S. dollar index was 0.11 lower at 97.05. September 30-year T-Bonds were 05/32 lower at 152'26 while August gold lost $4.70 to $1,264.20. Crude oil was $0.13 higher at $46.21 while Brent crude added $0.15 to $48.44. China's Dalian soybean futures were mostly higher while Malaysian palm oil futures were lower overnight.