DTN Early Word Grains 07/03 05:58

DTN Early Word Grains 07/03 05:58 Early Fireworks Show Continues December corn was 6 cents higher, November soybeans were 22 cents higher, and September Minneapolis (HRS) wheat was 27 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 6 cents higher, November soybeans were 22 cents higher, and September Minneapolis (HRS) wheat was 27 cents higher. CME Globex Recap: Fireworks surrounding the U.S. Fourth of July holiday started early this year, with Sunday's overnight session continuing to explode in the rocket's red glare that was lit last Friday. Wheat and soybeans held double-digit gains overnight through early Monday morning while corn was sitting near session highs. Outside commodities were lower, due in part to the U.S. dollar index once again becoming a Yankee Doodle Dandy. DJIA futures were also higher. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 62.60 points (0.3%) higher at 21,349.63, the NASDAQ Composite lost 3.93 points to 6,140.42, and the S&P 500 rallied 3.71 points (0.2%) to 2,423.41 Friday. DJIA futures were 62 points higher early Monday morning. Asian markets closed mostly higher with Japan's Nikkei up 22.37 points (0.1%), Hong Kong's Hang Seng gaining 19.59 points (0.1%), and China's Shanghai Composite up 3.48 points (0.1%). European markets were trading higher with London's FTSE 100 up 25.26 points (0.4%), Germany's DAX up 87.74 points (0.7%), and France's CAC 40 rallying 52.28 points (1.0%). The euro was 0.0047 lower at 1.1380 while the U.S. dollar index rallied 0.39 to 96.02. September 30-year T-Bonds were 7/32 lower at 153'15 while August gold lost another $8.30 to $1,234.00. Crude oil was $0.02 higher at $46.06 while Brent crude lost $0.04 to $48.73. China's Dalian soybean and Malaysian palm oil futures were higher overnight.