DTN Early Word Grains 07/18 06:05

DTN Early Word Grains 07/18 06:05 The Weather Market Awakens December corn was 11 cents higher, November soybeans were 13 cents higher, and September Minneapolis (HRS) wheat was 20 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 11 cents higher, November soybeans were 13 cents higher, and September Minneapolis (HRS) wheat was 20 cents higher. CME Globex Recap: Grain and oilseed markets posted a strong rally overnight following a bullish set of weekly crop condition numbers from NASS Monday afternoon. Additional support came from the lower U.S. dollar index, and weather maps that show no relief in sight for the hot and dry conditions blanketing many of the U.S. growing areas this summer. Outside markets were also supported by the weakening greenback, though gains in gold and crude oil were small. Softs were also higher as cotton tries to build on Monday's bullish breakout. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 8.02 points lower at 21,629.72, the NASDAQ Composite gained 1.97 points to 6,314.43, and the S&P 500 slipped 0.13 point to 2,459.14 Monday. DJIA futures were 17 points higher early Tuesday morning. Asian markets closed mixed with Japan's Nikkei down 118.95 points (0.6%), Hong Kong's Hang Seng gaining 54.36 points (0.2%), and China's Shanghai Composite up 11.10 points (0.4%). European markets were trading mixed with London's FTSE 100 up 5.08 points, Germany's DAX down 70.13 points (0.6%), and France's CAC 40 off 15.38 points (0.3%). The euro was up 0.0074 at 1.1553 while the U.S. dollar index fell 0.48 to 94.67. September 30-year T-Bonds were 2/32 higher at 152'30 while August gold added $2.70 to $1,236.40. Crude oil was $0.11 higher at $46.13 while Brent crude rallied $0.14 to $48.56. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight.