DTN Early Word Grains 06/08 05:54

DTN Early Word Grains 06/08 05:54 Row Crops Extend Bearish Slide July corn was down 1 3/4 cents, July soybeans were down 7 1/2 cents, and July Kansas City (HRW) wheat was down 5 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: July corn was down 1 3/4 cents, July soybeans were down 7 1/2 cents, and July Kansas City (HRW) wheat was down 5 cents. CME Globex Recap: Commodities were mixed to lower and stock markets lower early Friday with tariffs and trade concerns expected to be discussed at Friday's G-7 meeting in Quebec. The U.S. dollar index is also higher with many expecting another rate hike from the Federal Reserve next week. Row crops continue to slide lower while crop conditions are mostly favorable in the U.S. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 95.02 points higher at 25,241.41, but the S&P 500 was down 1.98 points to 2,770.37, while the 10-year Treasury yield ended at 2.93% Thursday. Early Friday, DJIA futures were down 153 points. Asian markets were lower with Japan's Nikkei 225 down 128.76 points (-0.6%) and China's Shanghai Composite down 42.35 points (-1.4%). European markets were also lower with London's FTSE 100 down 60.40 points (-0.8%), Germany's DAX down 134.00 points (-1.0%), and France's CAC 40 down 13.96 points (-0.3%). The euro was down 0.0042 and the U.S. dollar index was up 0.25 to 93.69. June 30-year T-Bonds were up 14/32nds while August gold was up $0.80 to $1,303.80 and July crude oil was down $0.26 at $65.69. China's Dalian soybeans were lower and Malaysian palm oil futures were down 0.7% overnight.