DTN Early Word Grains 06/05 05:55

DTN Early Word Grains 06/05 05:55 Grains Mostly Lower to Start a New Week July corn was fractionally lower, July soybeans were fractionally higher, and July Kansas City (HRW) wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was fractionally lower, July soybeans were fractionally higher, and July Kansas City (HRW) wheat was 2 cents lower. CME Globex Recap: Grains were mostly lower overnight as a new week of trade got under way. Soybeans spent most of the session trading modestly higher while corn slipped below unchanged and wheat was modestly lower early Monday morning. Weekend weather didn't seem to generate much enthusiasm. Outside markets (energies, metals, and softs) also showed mixed results while the U.S. dollar index showed a small rally and DJIA futures a small sell-off. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 62.11 points (0.3%) higher at 21,206.29, the NASDAQ Composite rallied 58.97 points (0.9%) to 6,305.80, and the S&P 500 gained 9.01 points (0.4%) to 2,439.07 Friday. DJIA futures were 6 points lower early Monday morning. Asian markets closed mostly lower with Japan's Nikkei down 6.46 points, Hong Kong's Hang Seng falling 61.06 points (0.2%), and China's Shanghai Composite off 13.88 points (0.5%). European markets were trading mostly lower with London's FTSE 100 down 19.75 points (0.3%), Germany's DAX closed, and France's CAC 40 losing 28.12 points (0.5%). The euro was 0.0020 lower at 1.1261 while the U.S. dollar index gained 0.12 to 96.78. September 30-year T-Bonds were 7/32 lower at 154'20 while August gold gained $3.00 to $1,283.20. Crude oil was $0.01 higher at $47.67 while Brent crude added $0.01 to $49.96. China's Dalian soybean futures were higher while Malaysian palm oil futures were mixed overnight.