DTN Early Word Grains 06/05 05:51

DTN Early Word Grains 06/05 05:51 Crop Prices Fall Back Early Wednesday July corn is down 9 1/2 cents, July soybeans are down 6 1/4 cents and July KC wheat is down 16 3/4 cents. By Todd Hultman DTN Lead Analyst 6:00 a.m. CME Globex: July corn is down 9 1/2 cents, July soybeans are down 6 1/4 cents and July KC wheat is down 16 3/4 cents. CME Globex Recap: Dow Jones futures are trading higher early Wednesday with more talk emerging that the Federal Reserve may cut interest rates in 2019 if trade issues result in slower economic growth. August gold is trading higher and the June U.S. dollar index is modestly lower with the 10-year T-note yielding 2.12%. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average up 512.40 at 25,332.18 and the S&P 500 up 58.82 at 2,803.27, while the 10-yr Treasury yield ended at 2.12%. Early Wednesday, DJIA futures are up 166 points. Asian markets are mostly higher with Japan's Nikkei 225 up 367.56 (1.8%) and China's Shanghai Composite down 0.86 points (-0.03%). European markets are steady to higher with London's FTSE 100 up 27.02 points (0.4%), Germany's DAX up 36.95 points (0.3%), and France's CAC 40 up 19.19 points (0.4%). The June Euro is up 0.002 at $1.129 and the June U.S. dollar index is down 0.12 at 96.88. The September 30-Year T-Bond is down 6/32nds, while August gold is up $13.20 at $1,341.90 and July crude oil is down $0.38 at $53.09. Soybeans and meal on China's Dalian Exchange were trading modestly lower.