DTN Early Word Grains 07/24 06:15

DTN Early Word Grains 07/24 06:15 Grain Rebound Continues as Tech Buying Surfaces December corn is up 3 1/2 cents per bushel, November soybeans are up 7 1/4 cents, and September K.C. wheat is up 7 1/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is up 3 1/2 cents per bushel, November soybeans are up 7 1/4 cents, and September K.C. wheat is up 7 1/4 cents. CME Globex Recap: Mixed to weaker global equity markets with reports U.S. officials are preparing a trip to China before the end of July failing to provide traction. The U.S. will be sending U.S. Trade Representative Lighthizer and Treasury Secretary Mnuchin, lending odds to a more serious discussion. As we've come to realize, there are few avenues for both President Xi and President Trump to declare victory in this trade war, raising prospects the conflict continues on into 2020. Higher markets led by wheat as winter wheat harvest winds down and bushels will now become more difficult to buy from the farmer. Spring wheat harvest has yet to begin across North America, although solid prospects are still expected. Ranges are setting up in both corn and soybeans with a high likelihood August WASDE data needs to move outside of that range. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 177.29 at 27,349.19 and the S&P 500 up 20.44 at 2,985.03 while the 10-Year Treasury yield ended at 2.074%. Early Wednesday, the September DJIA futures are down 56 points. Asian markets are higher with Japan's Nikkei 225 up 88.69 (0.41%) and China's Shanghai Composite up 23.33 points (0.8%). European markets are mixed with London's FTSE 100 down 66.45 points (-0.88%), Germany's DAX up 28.71 points (0.23%) and France's CAC 40 up 29.02 points (-0.52%). The September Euro is down 0.000 at 1.120 and the September U.S. dollar index is down 0.018 at 97.400. The September 30-Year T-Bond is up 10/32nds, while August gold is up $4.10 at $1,425.80 and September crude oil is up $0.05 at $56.82. Soybeans on China's Dalian Exchange were -0.47% while soybean meal was -1.02%.