DTN Early Word Grains 05/31 06:11

DTN Early Word Grains 05/31 06:11 Crop Prices Pull Back Early Friday July corn is down 4 1/4 cents, July soybeans are down 2 3/4 cents and July KC wheat is down 4 1/2 cents. By Todd Hultman DTN Lead Analyst 6:00 a.m. CME Globex: July corn is down 4 1/4 cents, July soybeans are down 2 3/4 cents and July KC wheat is down 4 1/2 cents. CME Globex Recap: Dow Jones futures and stock markets overseas are starting lower early Friday after President Donald Trump said he will impose a 5% tariff on Mexican goods June 10 until illegal migrants stop coming to the U.S. For the most part, investors appear to be responding by withdrawing from the market's riskier assets, while gold is trading higher. Yields on 10-year T-notes have dropped to 2.23%. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 43.47 at 25,169.88 and the S&P 500 up 5.84 at 2,788.86, while the 10-yr Treasury yield ended at 2.23%. Early Friday, DJIA futures are down 285 points. Asian markets are lower with Japan's Nikkei 225 down 341.34 (-1.6%) and China's Shanghai Composite down 7.11 points (-0.2%). European markets are lower with London's FTSE 100 down 66.75 points (-0.9%), Germany's DAX down 200.80 points (-1.7%), and France's CAC 40 down 71.53 points (-1.4%). The June euro is down 0.001 cent at $1.116 and the June U.S. dollar index is down 0.13 at 97.92. The September 30-year T-Bond is up 1 6/32nds, while August gold is up $9.40 at $1,301.80 and July crude oil is down $1.30 at $55.29. Soybeans on China's Dalian Exchange were trading lower, while meal had a slight loss.