DTN Early Word Grains 07/13 05:55

DTN Early Word Grains 07/13 05:55 Wheat Tries Second Day Higher December corn was down 2 3/4 cents, November soybeans were down 7 1/2 cents, and September Kansas City (HRW) wheat was up 5 1/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was down 2 3/4 cents, November soybeans were down 7 1/2 cents, and September Kansas City (HRW) wheat was up 5 1/4 cents. CME Globex Recap: Global stock markets are starting mostly higher Friday while commodities are mostly lower with a quiet news day expected to end the week. In grains, row crops are modestly lower while wheat contracts are starting a second day higher, encouraged by Thursday's lower crop estimates from USDA. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 224.44 points at 24,924.89 and the S&P 500 up 24.27 points at 2,798.29 while the 10-year Treasury yield ended at 2.85%. Early Friday, DJIA futures were down 12 points. Asian markets are mostly higher with Japan's Nikkei 225 up 409.39 points (1.8%) and China's Shanghai Composite down 6.47 (-0.2%). European markets are a little higher with London's FTSE 100 up 34.84 points (0.5%), Germany's DAX up 16.59 points (0.1%), and France's CAC 40 up 14.86 points (0.3%). The euro was down .0043 and the U.S. dollar index was up 0.30 at 95.12. September 30-year T-Bonds were up 10/32nds while August gold was down $4.90 at $1,241.70 and August crude oil was down $0.37 at $69.96. Soybeans on China's Dalian Exchange were lower and Malaysian palm oil futures were down 1.2%.