DTN Early Word Grains 06/12 06:01

DTN Early Word Grains 06/12 06:01 Grains Start the Week Weakly July corn was 4 cents lower, July soybeans were 4 cents lower, and July Kansas City (HRW) wheat was 7 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was 4 cents lower, July soybeans were 4 cents lower, and July Kansas City (HRW) wheat was 7 cents lower. CME Globex Recap: Grains were under pressure early Monday morning as traders showed little interest in weekend weather during the overnight session. Meanwhile, the U.S. dollar index was down slightly, helping crude oil and gold post small rallies. Soft markets were mostly higher, though cotton chose to follow corn and soybeans rather than cocoa and coffee. DJIA futures were also in the red to start the week. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 89.44 points (0.4%) higher at 21,271.97, the Nasdaq Composite fell 113.85 points (1.8%) to 6,207.92, and the S&P 500 lost 2.02 points to 2,431.77 Friday. DJIA futures were 36 points lower early Monday morning. Asian markets closed mostly lower with Japan's Nikkei down 104.68 points (0.5%), Hong Kong's Hang Seng off 322.25 points (1.2%), and China's Shanghai Composite losing 18.52 points (0.6%). European markets were trading mostly lower with London's FTSE 100 off 21.16 points (0.3%), Germany's DAX down 125.22 points (1.0%), and France's CAC 40 off 57.41 points (1.1%). The euro was 0.0023 higher at 1.1218 while the U.S. dollar index was 0.15 lower at 97.13. September 30-year T-Bonds were 01/32 lower at 154'06 while August gold gained $0.40 to $1,271.80. Crude oil was $0.20 higher at $46.03 while Brent crude added $0.27 to $48.42. China's Dalian soybean futures were higher while Malaysian palm oil futures were closed overnight.