DTN Early Word Grains 05/15 05:36

DTN Early Word Grains 05/15 05:36 Wheat Pushes Higher as Poor Crop Conditions Get Attention December corn is down 2 cents, November soybeans are up 5 cents and July KC wheat is up 23 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 2 cents, November soybeans are up 5 cents and July KC wheat is up 23 cents. CME GLOBEX RECAP: Early Monday, U.S. stock futures are starting higher even as traders are somewhat anxious about when or if there will be an agreement to raise the debt ceiling. USDA's weekly report of export inspections is due out at 10 a.m. CDT, followed by a soybean crush report from the National Oilseeds Processors Association later Monday morning. USDA's Crop Progress report will have new estimates of planting progress at 3 p.m. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average down 8.99 points at 33,300.62 and the S&P 500 Index down 6.54 at 4,124.08. The 10-Year Treasury yield ended at 3.46%. Early Monday, June Dow Jones futures are up 96 points. European markets are mostly higher with the spot futures of the London FTSE 100 trading up 0.28%, spot futures of Germany's DAX trading up 0.16% and spot futures of France's CAC Index trading up 0.50%. Asian markets are higher with Japan's Nikkei 225 index up 0.81% and China's Shanghai Composite Index up 1.17%.