DTN Early Word Grains 08/02 06:00

DTN Early Word Grains 08/02 06:00 Wheat Keeps Pushing Higher December corn was up 2 1/2 cents, November soybeans were down 8 cents, and September Kansas City (HRW) wheat was up 9 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was up 2 1/2 cents, November soybeans were down 8 cents, and September Kansas City (HRW) wheat was up 9 cents. CME Globex Recap: The world's stock markets are taking an early hit Thursday with investors once again pulling away from talk of increased tariffs on China and the repercussions that might bring. Europe's wheat prices continue to surge higher as dry weather concerns persist, but most commodities are lower, including gold and crude oil. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average down 81.37 points at 25,333.82 and the S&P 500 down 2.93 points at 2,813.36 while the 10-year Treasury yield ended at 3.00%. Early Thursday, DJIA futures were down 166 points. Asian markets are lower with Japan's Nikkei 225 down 234.17 (-1.0%) and China's Shanghai Composite down 56.51 (-2.0%). European markets are also lower with London's FTSE 100 down 81.14 points (-1.1%), Germany's DAX down 225.74 points (-1.8%), and France's CAC 40 down 45.63 points (-0.8%). The euro was down .0053 and the U.S. dollar index was up 0.31 at 94.97. September 30-year T-Bonds were up 8/32nd while December gold was down $3.30 at $1,224.30 and September crude oil was down $0.55 at $67.11. Soybeans on China's Dalian Exchange were steady to lower and Malaysian palm oil futures were down 0.9%.