DTN Early Word Grains 07/09 05:58

DTN Early Word Grains 07/09 05:58 Crop Prices Lower: There's a New Tariff in Town December corn was down 3 3/4 cents, November soybeans were down 10 cents, and September Kansas City (HRW) wheat was down 5 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was down 3 3/4 cents, November soybeans were down 10 cents, and September Kansas City (HRW) wheat was down 5 cents. CME Globex Recap: Friday's new tariffs from the U.S. and China happened as expected, with more on the way in two weeks. On Monday morning, investors look less concerned as global stock markets are trading higher, especially in Asia. The U.S. dollar index is a little lower and commodities are mixed, but ag commodities are nearly all lower. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average up 99.74 points at 24,456.48 and the S&P 500 up 23.21 points at 2,759.82 while the 10-year Treasury yield ended at 2.83%. Early Monday, DJIA futures were up 105 points. Asian markets are higher with Japan's Nikkei 225 up 264.04 points (1.1%) and China's Shanghai Composite up 67.88 (2.5%). European markets are higher with London's FTSE 100 up 24.24 points (0.3%), Germany's DAX up 24.90 points (0.2%), and France's CAC 40 up 32.34 points (0.6%). The euro was up 0.0021 and the U.S. dollar index was down 0.12 at 93.84. September 30-year T-Bonds were down 9/32nds while August gold was up $8.10 at $1,263.90 and August crude oil was down $0.13 at $73.67. Soybeans on China's Dalian Exchange were steady to lower and Malaysian palm oil futures were up 0.1%.