DTN Early Word Grains 06/21 05:54

DTN Early Word Grains 06/21 05:54 Long Days' Night December corn was 1 cent higher, November soybeans were fractionally higher, and July Kansas City (HRW) wheat was 4 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, November soybeans were fractionally higher, and July Kansas City (HRW) wheat was 4 cents lower. CME Globex Recap: The summer solstice occurred late last night, meaning either Tuesday or Wednesday could be considered the longest day with a short night in between. Grains used that time to show mixed results as corn and soybeans inched higher while the wheat complex was lower. Weather remains the key issue with little rain seen again over the last 24 hours. And while forecasts continue to call for favorable conditions, heat is expected to return to parts of the U.S. Midwest Wednesday. Outside markets were mostly lower with softs and energies both under pressure. Metals were showing small gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 61.85 points (0.3%) lower at 21,467.14, the NASDAQ Composite lost 50.98 points (0.8%) to 6,188.03, and the S&P 500 dipped 16.43 points (0.7%) to 2,437.03 Tuesday. DJIA futures were 19 points lower early Wednesday morning. Asian markets closed mostly lower with Japan's Nikkei down 91.62 points (0.5%), Hong Kong's Hang Seng losing 148.46 points (0.6%), and China's Shanghai Composite adding 16.20 points (0.5%). European markets were trading lower with London's FTSE 100 down 23.54 points (0.3%), Germany's DAX losing 77.02 points (0.6%), and France's CAC 40 off 51.98 points (1.0%). The euro was 0.0012 higher at 1.1147 while the U.S. dollar index was 0.10 lower at 97.65. September 30-year T-Bonds were 5/32 higher at 156'18 while August gold rallied $4.20 to $1,247.70. Crude oil was $0.16 lower at $43.33 while Brent crude lost $0.23 to $45.79. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.