DTN Early Word Grains 05/30 05:55

DTN Early Word Grains 05/30 05:55 Short Week Off to a Lower Start July corn was 3 cents lower, July soybeans were 2 cents lower, and July Kansas City (HRW) wheat was 4 cents lower. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: July corn was 3 cents lower, July soybeans were 2 cents lower, and July Kansas City (HRW) wheat was 4 cents lower. CME Globex Recap: Grains were met with renewed selling interest coming out of three-day holiday weekend. Despite having the most bearish charts, soybean held together better than corn and wheat through early Tuesday morning. Outside markets were also lower despite a sell-off by the U.S. dollar index. DJIA futures were also under light pressure. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 2.67 points lower at 21,080.28, the NASDAQ Composite rallied 4.94 points to 6,210.19, and the S&P 500 gained 0.75 point to 2,415.82 Friday. DJIA futures were 15 points lower early Tuesday morning. Asian markets closed mixed with Japan's Nikkei down 4.72 points, Hong Kong's Hang Seng gaining 62.36 points (0.2%), and China's Shanghai Composite adding 2.23 points. European markets were trading mostly lower with London's FTSE 100 off 28.05 points (0.4%), Germany's DAX down 3.64 points, and France's CAC 40 losing 29.69 points (0.6%). The euro was 0.0004 higher at 1.1168 while the U.S. dollar index lost 0.15 to 97.44. June 30-year T-Bonds were 7/32 higher at 154'04 while August gold slipped $4.50 to $1,266.90. Crude oil was $0.23 lower at $49.57 while Brent crude lost $0.45 to $51.84. Malaysian palm oil futures were lower overnight.