DTN Early Word Grains 07/03 07:34

DTN Early Word Grains 07/03 07:34 Wheat Bounces Back Up, Soybean Tariff Deadline Looming December corn was up 4 cents, November soybeans were up 3/4 cent, and September Kansas City (HRW) wheat was up 11 1/2 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was up 4 cents, November soybeans were up 3/4 cent, and September Kansas City (HRW) wheat was up 11 1/2 cents. CME Globex Recap: After a day of broad, risk-off selling on Monday, investors are trying to act normal again with mostly higher trading in major stock markets and commodities. Winter wheat prices are a little flighty, trying a higher start again after Monday's sell-off. Except for Minneapolis wheat, U.S. grain futures close at 12:05 p.m. CDT on Tuesday. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average up 35.77 points at 24,307.18 and the S&P 500 up 8.34 points at 2,726.71 while the 10-year Treasury yield ended at 2.87%. Early Tuesday, DJIA futures were up 104 points. Asian markets were mixed with Japan's Nikkei 225 down 26.39 points (-0.1%) and China's Shanghai Composite up 11.33 (0.4%). European markets were higher with London's FTSE 100 up 27.01 points (0.3%), Germany's DAX up 122.07 points (1.0%), and France's CAC 40 up 45.51 points (0.9%). The euro was up 0.0051 and the U.S. dollar index was down 0.24 at 94.63. September 30-year T-Bonds were down 6/32nds while August gold was up $5.40 at $1,247.10 and August crude oil was up $0.82 at $74.76. Soybeans on China's Dalian Exchange were steady to lower and Malaysian palm oil futures were down 0.8%.