DTN Early Word Grains 06/30 05:56

DTN Early Word Grains 06/30 05:56 Not Just Another Friday Ahead December corn was 4 cents higher, November soybeans were 3 cents higher, and September Kansas City (HRW) wheat was 13 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 4 cents higher, November soybeans were 3 cents higher, and September Kansas City (HRW) wheat was 13 cents higher. CME Globex Recap: Grains were higher again early Friday morning, ahead of USDA's Quarterly Stocks and Acreage reports. The wheat complex led the charge, with winter contracts keeping pace with Minneapolis spring wheat this time. Gains in corn and soybeans were less, but still were impressive given the reports that lie ahead. Outside markets were mostly higher, softs and energies in particular, while metals traded lower. The U.S. dollar index saw a small rally while DJIA futures tried to gain back some of Thursday's sell-off. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 167.58 points (0.8%) lower at 21,287.03, the NASDAQ Composite lost 90.06 points (1.4%) to 6,144.34, and the S&P 500 fell 20.99 points (0.9%) to 2,419.70 Thursday. DJIA futures were 50 points higher early Friday morning. Asian markets closed mostly lower with Japan's Nikkei down 186.87 points (0.9%), Hong Kong's Hang Seng off 200.84 points (0.8%), and China's Shanghai Composite up 4.36 points (0.1%). European markets were trading higher with London's FTSE 100 up 1.36 points, Germany's DAX up 24.93 points (0.2%), and France's CAC 40 rallying 26.79 points (0.5%). The euro was 0.0033 lower at 1.1408 while the U.S. dollar index rallied 0.17 to 95.73. September 30-year T-Bonds were 4/32 lower at 154'04 while August gold lost another $2.60 to $1,242.20. Crude oil was $0.36 higher at $45.29 while Brent crude added $0.28 to $47.70. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight.