DTN Early Word Grains 07/15 06:00

DTN Early Word Grains 07/15 06:00 Grains Mostly Higher, Weather Remains Supportive December corn is up 2 3/4 cents per bushel, November soybeans are up 1/4 cents, and September K.C. wheat is up 1 cent. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is up 2 3/4 cents per bushel, November soybeans are up 1/4 cents, and September K.C. wheat is up 1 cent. CME Globex Recap: Global equities are mostly higher Monday as ideas of additional fiscal stimulus in China appear to be growing after the country saw the lowest economic growth in almost 30 years. China's Q2 GDP was estimated at 6.2% year on year, which was in-line with estimates but still the lowest since data began in 1992. The effects of the trade war with Washington D.C. are readily apparent, although the world's second largest economy appears ready to enact additional measure to see the conflict through to the end. Grains are mostly higher with corn leading strength as traders remain concerned with the current forecast for the Central Corn Belt. The crop is not yet pollinating, but a large swath of the belt will be in the next 10-15 days. December corn is still a ways off the June 17 highs and it feels as though the market will need confirmation from the USDA on acres and yield before mounting an assault at new highs. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average up 243.95 at 27,332.03 and the S&P 500 up 13.86 at 2,999.91 while the 10-Year Treasury yield ended at 2.106%. Early Monday, the September DJIA futures are up 38 points. Asian markets are higher with Japan's Nikkei 225 up 42.37 (0.2%) and China's Shanghai Composite up 11.64 points (0.4%). European markets are higher with London's FTSE 100 up 6.4 points (0.09%), Germany's DAX up 19.79 points (0.16%) and France's CAC 40 down 7.6 points (-0.13%). The September Euro is up 0.001 at 1.130 and the September U.S. dollar index is down 0.044 at 96.380. The September 30-Year T-Bond is down 12/32nds, while August gold is up $4.70 at $1,416.90 and August crude oil is up $0.23 at $60.44. Soybeans on China's Dalian Exchange were up 1% while soybean meal was up 1.79%.