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DTN Early Word Grains 07/26 05:57

26 Jul 2018
DTN Early Word Grains 07/26 05:57 Soybeans Higher, Headed to Europe December corn was up 4 3/4 cents, November soybeans were up 16 3/4 cents, and September Kansas City (HRW) wheat was up 7 1/2 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was up 4 3/4 cents, November soybeans were up 16 3/4 cents, and September Kansas City (HRW) wheat was up 7 1/2 cents. CME Globex Recap: Germany's stock market is higher early Thursday after the U.S. and European officials agreed to work on dismantling steel and aluminum tariffs enacted by the U.S. earlier this year. Soybean prices are the other winner early Thursday after Europe agreed to import more U.S. soybeans and liquid natural gas. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average up 172.16 points at 25,414.10 and the S&P 500 up 25.67 points at 2,846.07 while the 10-year Treasury yield ended at 2.94%. Early Thursday, DJIA futures were up 30 points. Asian markets are lower with Japan's Nikkei 225 down 27.38 (-0.1%) and China's Shanghai Composite down 21.42 (-0.7%). European markets are mostly higher with London's FTSE 100 down 4.97 points (-0.1%), Germany's DAX up 180.29 points (1.4%), and France's CAC 40 up 42.39 points (0.8%). The euro was up .0008 and the U.S. dollar index was up 0.06 at 94.29. September 30-year T-Bonds were down 18/32nds while August gold was down $4.80 at $1,227.00 and September crude oil was down $0.05 at $69.25. Soybeans on China's Dalian Exchange were steady to higher and Malaysian palm oil futures were up 1.6%.