DTN Early Word Grains 06/14 06:05

DTN Early Word Grains 06/14 06:05 Grains Off to a Lower Start... Again July corn was down 3 cents, July soybeans were down 2 cents, and July Kansas City (HRW) wheat was down 7 3/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: July corn was down 3 cents, July soybeans were down 2 cents, and July Kansas City (HRW) wheat was down 7 3/4 cents. CME Globex Recap: Most stock markets are lower early Thursday after the Federal Reserve came through with another quarter-percent rate hike on Wednesday afternoon. So far, the losses are light and the Dow Jones futures are expected to open slightly lower. Most commodities are also trading lower early Thursday, but July crude oil is a little higher ahead of Thursday's meeting between Russia and Saudi Arabia. Thursday's surprise, August gold is quietly trading higher, rising up from its lowest prices in five months. OUTSIDE MARKETS: Wednesday's trading saw the Dow Jones Industrial Average close down 119.53 points at 25,201.20 and the S&P 500 down 11.22 points to 2,775.63, while the 10-year Treasury yield ended at 2.98% after the Fed raised the rate another quarter-percent. Early Thursday, DJIA futures were down 6 points. Asian markets were lower with Japan's Nikkei 225 down 227.77.02 points (-1.0%) and China's Shanghai Composite down 5.64 points (-0.2%). European markets were also lower with London's FTSE 100 down 44.01 points (-0.6%), Germany's DAX down 31.90 points (-0.2%), and France's CAC 40 down 8.54 points (-0.2%). The euro was up 0.0046 and the U.S. dollar index was down 0.24 to 93.30. June 30-year T-Bonds were up 17/32nds while August gold was up $7.70 to $1,309.00 and July crude oil was up $0.10 at $66.74. China's Dalian soybeans were steady to higher and Malaysian palm oil futures were up 0.7% overnight.