DTN Early Word Grains 07/13 05:58

DTN Early Word Grains 07/13 05:58 Grains Stabilize in Overnight Trade December corn is up 5 cents per bushel, November soybeans are down 1/4 cent, and September KC wheat is up 4 1/2 cents. Tregg Cronin DTN Contributing Analyst PRE-6 a.m. GLOBEX PRICES: December corn is up 5 cents per bushel, November soybeans are down 1/4 cent, and September KC wheat is up 4 1/2 cents. CME GLOBEX RECAP: Mixed price action in equity markets overnight with Asia higher, Europe lower and U.S. futures just positive ahead of inflation date later Wednesday morning. The consumer-price index is expected to have risen 8.8% in June from the same month in 2021 which would be an acceleration from May's 8.6% rise. Core inflation, which strips out food and energy, is seen at 5.7% vs. 6.0% in May. Where these numbers come in could have a lot to say about the Federal Reserve's interest rate policy at their July meeting and beyond. Energy markets have stabilized overnight with crude and heating oil up but gasoline futures lower. The U.S. Dollar Index is firmer, holding just below Tuesday's highs. Metals are mixed with copper and gold up while silver trades lower. Grain markets are higher across the board overnight, although it hardly feels like a win after Tuesday's losses. Volatility remains extreme, pushing some traders out of the market and raising liquidity concerns. Weather forecasts remain the focus when outside money flows are not dominating. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average down 192.51 at 30,981.33 and the S&P 500 down 35.63 at 3,854.43 while the 10-Year Treasury yield ended at 2.958%. Early Wednesday, the September DJIA futures are up 67 points. Asian markets are higher with Japan's Nikkei 225 up 142.11 (0.54%) and China's Shanghai Composite up 2.83 points (0.09%). European markets are lower with London's FTSE 100 down 50.56 points (-0.7%), Germany's DAX down 95.31 points (-0.74%) and France's CAC 40 down 24.94 points (-0.41%). The September Euro is down 0.001 at 1.010 and the September U.S. Dollar Index is up 0.098 at 108.010. The September 30-Year T-Bond is down 7/32nds, while August gold is up $2.50 at $1,727.30 and August crude oil is up $0.98 at $96.82. Corn on China's Dalian Exchange was down 1.28% while soybeans were down 3.19% and soybean meal was down 2.01%.