DTN Early Word Grains 06/27 05:57

DTN Early Word Grains 06/27 05:57 Grains Higher Led by Wheat July corn unchanged, July soybeans are up 1/4 cents, and September K.C. wheat is up 6 3/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: July corn unchanged, July soybeans are up 1/4 cents, and September K.C. wheat is up 6 3/4 cents. CME Globex Recap: Equity markets are higher around the globe Thursday morning as investors remain optimistic about a trade deal on the sidelines of the G-20 summit in Japan this weekend. Positive comments continue from the Trump Administration but always with the qualifier that additional tariffs could be put in place if a trade deal doesn't happen. We've been down this road before and grain markets are unlikely to pay any mind until something factual is produced. Grain markets are mostly higher overnight, led by the three wheat exchanges as Chicago breaks out to multi-month highs. Technical action looks good in wheat as flagging formations lull momentum traders back into the fold. Row crops have traded both sides overnight, awaiting updated export sales for short-term direction heading into Friday's acreage and stocks reports from USDA. OUTSIDE MARKETS: Previous closes Wednesday had the Dow Jones Industrial Average down 11.40 at 26,536.82 and the S&P 500 down 3.60 at 2,917.38 while the 10-Year Treasury yield ended at 2.049%. Early Thursday, the September DJIA futures are up 68 points. Asian markets are higher with Japan's Nikkei 225 up 251.58 (1.19%) and China's Shanghai Composite up 20.51 points (0.69%). European markets are higher with London's FTSE 100 up 6.78 points (0.09%), Germany's DAX up 69.05 points (0.56%) and France's CAC 40 up 3.53 points (0.06%). The September Euro is down 0.000 at 1.140 and the September U.S. dollar index is up 0.012 at 95.740. The September 30-Year T-Bond is down 6/32nds, while August gold is down $10.00 at $1,405.40 and August crude oil is down $0.50 at $58.88. Soybeans on China's Dalian Exchange were down -1.78% while soy meal was down -0.35%.