DTN Early Word Grains 06/19 05:56

DTN Early Word Grains 06/19 05:56 U.S. President Says More Tariffs, Market Says Risk-Off July corn was down 7 cents, July soybeans were down 20 1/2 cents, and July Kansas City (HRW) wheat was down 9 3/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: July corn was down 7 cents, July soybeans were down 20 1/2 cents, and July Kansas City (HRW) wheat was down 9 3/4 cents. CME Globex Recap: Late Monday, CNN.com reported President Trump directed another $200 billion of tariffs to be levied against China, if China goes through with it's retaliation, planned for July 6. The news put investors in a defensive mode. Global stock markets and most commodities are trading lower as are U.S. soybean prices, one of China's intended targets. OUTSIDE MARKETS: Monday's trading saw the Dow Jones Industrial Average drop 103.01 points to 24,987.47 while the S&P 500 was down 5.91 points to 2,773.75, while the 10-year Treasury yield ended at 2.93%. Early Tuesday, DJIA futures were down 327 points. Asian markets were lower with Japan's Nikkei 225 down 401.85 points -1.8%) and China's Shanghai Composite down 114.08 (-3.8%). European markets were also lower with London's FTSE 100 down 35.43 points (-0.5%), Germany's DAX down 172.71 points (-1.3%), and France's CAC 40 down 60.58 points (-1.1%). The euro was down 0.0067 and the U.S. dollar index was up 0.42 to 95.18. June 30-year T-Bonds were up one full point while August gold was up $1.50 to $1,281.60 and August crude oil was down $0.88 at $64.81. Soybeans on China's Dalian Exchange were higher and Malaysian palm oil futures were down 1.9%.