DTN Early Word Grains 06/29 05:55

DTN Early Word Grains 06/29 05:55 Look at That "S"-Car Go! December corn was 1 cent higher, November soybeans were 5 cents higher, and September Minneapolis (HRS) wheat was 24 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, November soybeans were 5 cents higher, and September Minneapolis (HRS) wheat was 24 cents higher. CME Globex Recap: Grains were higher early Thursday, once again led by Minneapolis spring wheat and soybeans. The former now clicks off 20-cent rallies routinely while the latter continues to see commercial buying. Winter wheat contracts also saw solid gains while corn could only muster a fractional rally. Outside markets were mostly higher, with only gold showing a small loss, supported by the continued late-month sell-off by the U.S. dollar index. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 143.95 points (0.7%) higher at 21,454.61, the NASDAQ Composite gained 87.79 points (1.4%) to 6,234.41, and the S&P 500 rallied 21.31 points (0.9%) to 2,440.69 Wednesday. DJIA futures were 7 points higher early Thursday morning. Asian markets closed higher with Japan's Nikkei up 89.89 points (0.5%), Hong Kong's Hang Seng gaining 281.92 points (1.1%), and China's Shanghai Composite adding 14.86 points (0.5%). European markets were trading mostly lower with London's FTSE 100 up 21.73 points (0.3%), Germany's DAX off 20.62 points (0.2%), and France's CAC 40 down 31.93 points (0.6%). The euro was 0.0030 higher at 1.1408 while the U.S. dollar index fell another 0.18 to 95.86. September 30-year T-Bonds were 13/32 lower at 154'19 while August gold lost $2.50 to $1,246.60. Crude oil was $0.24 higher at $44.98 while Brent crude added $0.20 to $47.51. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.