DTN Early Word Grains 05/25 05:58

DTN Early Word Grains 05/25 05:58 Wheat Leads Grains Lower Early Wednesday July corn was down 9 1/4 cents, July soybeans were down 7 1/2 cents and July KC wheat was down 30 1/2 cents. Todd Hultman DTN Lead Analyst Pre-6 a.m. Globex Prices: July corn was down 9 1/4 cents, July soybeans were down 7 1/2 cents and July KC wheat was down 30 1/2 cents. CME GLOBEX RECAP: Early Wednesday, U.S. stocks on the Dow Jones Industrials are trading slightly lower, a quiet start to the day and similar to roughly steady trading in Europe. The yield on 10-year T-notes has backed down from the May 9 high of 3.17% and is now around 2.76% as concerns of a slowing economy have eased the pressure on rates to go higher. Wednesday's reports include U.S. durable goods orders at 7:30 a.m. CDT, the Energy Department's weekly inventory report at 9:30 a.m. and minutes from the latest Fed meeting at 1 p.m. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 48.38 at 31,928.62 and the S&P 500 down 32.27 at 3,941.48 as the 10-Year Treasury yield ended at 2.76%, down from the highest level in three and a half years. Early Tuesday, June Dow Jones futures are trading down 18 points. Asian markets are mixed with Japan's Nikkei 225 index down 0.26% and China's Shanghai Composite Index up 1.19%. European markets are roughly steady with the spot futures of the London FTSE 100 trading up 0.33%, spot futures of Germany's DAX trading down 0.02% and spot futures of France's CAC Index trading up 0.10%. The June euro is down $0.0056 at $1.0678. The June U.S. Dollar Index is up 0.39 at 102.26. The June 30-year T-bond is up 10/32nds, while June gold is down $9.90 at $1,855.50 and July crude oil is up $1.04 at $110.81. On China's Dalian exchange, September corn was down 0.9%, July soybeans were up 0.3%, September soybean meal was down 0.4% and September soybean oil was up 0.8%. June Malaysian palm oil is trading down 1.5%.