DTN Early Word Grains 07/11 09:22

DTN Early Word Grains 07/11 09:22 More Tariff Talk Brings Risk-Off Response December corn was down 4 1/4 cents, November soybeans were down 15 3/4 cents, and September Kansas City (HRW) wheat was down 7 3/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was down 4 1/4 cents, November soybeans were down 15 3/4 cents, and September Kansas City (HRW) wheat was down 7 3/4 cents. CME Globex Recap: Investors were back on their heels again early Wednesday, raising cash after President Trump issued a list of $200 billion of Chinese goods that could get hit with 10% tariffs. Global stock markets and most commodities, including grains were all starting lower early Wednesday. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average up 143.07 points at 24,919.66 and the S&P 500 up 9.67 points at 2,793.84 while the 10-year Treasury yield ended at 2.87%. Early Wednesday, DJIA futures were down 194 points. Asian markets are lower with Japan's Nikkei 225 down 264.68 points (-1.2%) and China's Shanghai Composite down 49.85 (-1.8%). European markets are also lower with London's FTSE 100 down 104.49 points (-1.3%), Germany's DAX down 169.81 points (-1.3%), and France's CAC 40 down 64.96 points (-1.2%). The euro was down 0.0043 and the U.S. dollar index was up 0.26 at 94.42. September 30-year T-Bonds were up 21/32nds while August gold was down $5.20 at $1,250.20 and August crude oil was down $0.56 at $73.55. Soybeans on China's Dalian Exchange were steady to lower and Malaysian palm oil futures were down 2.4%.