DTN Early Word Grains 07/18 05:58

DTN Early Word Grains 07/18 05:58 Grains Start Higher, Other Commodities Red December corn was up 2 cents, November soybeans were up 4 1/4 cents, and September Kansas City (HRW) wheat was up 4 1/2 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was up 2 cents, November soybeans were up 4 1/4 cents, and September Kansas City (HRW) wheat was up 4 1/2 cents. CME Globex Recap: Once again, outside stock markets are mixed to a little higher and Treasury yields are roughly unchanged early Wednesday. This time however, the U.S. dollar index is higher after Federal Reserve Chairman Powell told the Senate Tuesday that the Fed remains committed to gradual rate hikes. Most commodities outside of grains are trading lower while grains themselves, are starting higher. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average up 55.53 points at 25,119.89 and the S&P 500 up 11.12 points at 2,809.55 while the 10-year Treasury yield ended at 2.86%. Early Wednesday, DJIA futures were up 2 points. Asian markets are mixed with Japan's Nikkei 225 up 96.83 (0.4%) and China's Shanghai Composite down 10.87 (-0.4%). European markets are higher with London's FTSE 100 up 45.30 points (0.6%), Germany's DAX up 99.69 points (0.8%), and France's CAC 40 up 28.96 points (0.5%). The euro was down .0043 and the U.S. dollar index was up 0.31 at 95.29. September 30-year T-Bonds were up 3/32nds while August gold was down $4.70 at $1,222.60 and August crude oil was down $0.52 at $67.56. Soybeans on China's Dalian Exchange were roughly steady and Malaysian palm oil futures were up 1.8%.