DTN Early Word Grains 06/07 05:53

DTN Early Word Grains 06/07 05:53 Grains Start Lower as Rains Push Eastward July corn is down 3 cents, July soybeans are down 5 1/4 cents and July KC wheat is down 5 cents. By Todd Hultman DTN Lead Analyst 6:00 a.m. CME Globex: July corn is down 3 cents, July soybeans are down 5 1/4 cents and July KC wheat is down 5 cents. CME Globex Recap: U.S. stock futures and European stock markets are higher early Friday, ahead of Friday morning's report on non-farm payrolls for May. Outside commodities are mostly higher after Saudi Arabia's energy minister indicated willingness to continue the oil production cuts agreed to in December. Chinese markets were closed Friday and will open again on Monday. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 181.09 at 25,720.66 and the S&P 500 up 17.34 at 2,843.49, while the 10-yr Treasury yield stayed at 2.12%. Early Friday, DJIA futures are up 79 points. Asian markets are mixed with Japan's Nikkei 225 up 110.67 (0.5%) and China's Shanghai Composite closed on Friday. European markets are higher with London's FTSE 100 up 50.44 points (0.7%), Germany's DAX up 78.79 points (0.7%), and France's CAC 40 up 67.33 points (1.3%). The June euro is down $.0006 at $1.1275. The June U.S. dollar index is up 0.07 at 97.02. The September 30-year T-bond is up 4/32nds, while August gold is down $4.10 at $1,338.60 and July crude oil is up $0.71 at $53.30. China's Dalian Exchange was closed for a holiday and will be open Monday.