DTN Early Word Grains 06/12 05:58

DTN Early Word Grains 06/12 05:58 Grains Mixed in Ranges Following USDA July corn is up 3/4 cent per bushel, July soybeans are up 1/2 cent, and July KC wheat is down 1 1/4 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: July corn is up 3/4 cent per bushel, July soybeans are up 1/2 cent, and July KC wheat is down 1 1/4 cents. CME Globex Recap: Global equity markets were mixed overnight with Asia closing lower while European indices are solidly higher and U.S. futures are looking at a strong open Friday morning. Thursday's losses in the U.S. stock market were the largest since mid-March when coronavirus fears were raging. Coincidentally, the losses on Thursday were being blamed on fears of a second wave of coronavirus cases due in large part to the mass gatherings seen in parts of the country the last 30-days. Energy markets are mostly steady overnight following big losses there on Thursday. Spot crude oil futures are still above their 100-day moving average. Gold and silver are mixed with the former slightly higher and the latter off 0.72%. Grains are mixed with the soy complex higher, old crop corn higher, new crop corn lower, Minneapolis wheat slightly higher while all winter wheat contracts are lower. There was nothing offered from the USDA on the June WASDE of consequence as the Department punts to the June acreage resurvey at the end of the month. There will be a great deal of weather experienced and forecast between now and the June acreage report, offering plenty of volatility as row crops close in on their seasonal highs. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 1,861.82 at 25,128.17 and the S&P 500 down 188.04 at 3,190.14 while the 10-Year Treasury yield ended at 0.653%. Early Friday, the June DJIA futures are up 523 points. Asian markets are lower with Japan's Nikkei 225 down 167.43 (-0.75%) and China's Shanghai Composite down 1.16 points (-0.04%). European markets are higher with London's FTSE 100 up 75.38 points (1.24%), Germany's DAX up 180.73 points (1.53%) and France's CAC 40 up 116.16 points (2.41%). The June Euro is up 0.001 at 1.130 and the June U.S. dollar index is down 0.089 at 96.650. The September 30-Year T-Bond is down 46/32nds, while August gold is up $4.50 at $1,744.30 and July crude oil is down $0.05 at $36.29. Soybeans on China's Dalian Exchange were up 0.11% while soybean meal was up 0.39%.