DTN Early Word Grains 08/07 06:09

DTN Early Word Grains 08/07 06:09 Soybeans Rebound as Grains Push Higher December corn was up 2 cents, November soybeans were up 9 1/4 cents, and September Chicago wheat was up 10 3/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was up 2 cents, November soybeans were up 9 1/4 cents, and September Chicago wheat was up 10 3/4 cents. CME Globex Recap: After nearing its lowest prices in over two years amid trade war pressures, China's stock market is trading higher early Tuesday, leading the world's other stock markets with a 2.7% gain. Most commodities, including grains are trading higher. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average up 39.60 points at 25,502.18 and the S&P 500 up 10.05 points at 2,850.40 while the 10-year Treasury yield ended at 2.94%. Early Tuesday, DJIA futures were up 82 points. Asian markets are higher with Japan's Nikkei 225 up 155.42 (0.7%) and China's Shanghai Composite up 74.22 (2.7%). European markets are also higher with London's FTSE 100 up 51.89 points (0.7%), Germany's DAX up 109.66 points (0.9%), and France's CAC 40 up 42.85 points (0.8%). The euro was up .0035 and the U.S. dollar index was down 0.26 at 95.10. September 30-year T-Bonds were down 6/32nds while December gold was up $5.80 at $1,223.50 and September crude oil was up $0.41 at $69.42. Soybeans on China's Dalian Exchange were higher and Malaysian palm oil futures were up 1.3%.