DTN Early Word Grains 06/24 06:10

DTN Early Word Grains 06/24 06:10 Grains Higher, Soy Lower at Midweek July corn is up 1 3/4 cents per bushel, July soybeans are down 1/2 cent, and September KC wheat is up 1 3/4 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: July corn is up 1 3/4 cents per bushel, July soybeans are down 1/2 cent, and September KC wheat is up 1 3/4 cents. CME Globex Recap: Global equity markets are weaker overnight with U.S. futures staring at a modestly weaker open Wednesday morning. The back-and-forth between flares up in coronavirus cases and expanding economic recovery continues. Several weeks into quarantine in the U.S., many were asking if we would ever go back to "normal" and what that might look like. It seems like "normal" is further away than ever and this start-and-stop recovery is going to continue for the foreseeable future. Energy markets are lower with crude oil down close to 2.0% overnight. Fixed income markets are quiet while precious metals are firmer with gold up 0.72% overnight. Grains are mostly higher overnight with the exception of soybeans and oil as corn and wheat post modest gains. Ag markets do not appear to be headed anywhere too quickly ahead of the June 30 USDA reports next week. Weather forecasts are mostly favorable for the majority of the Midwest which should keep a lid on prices in the week ahead. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average up 131.14 at 26,156.10 and the S&P 500 up 13.43 at 3,117.86 while the 10-Year Treasury yield ended at 0.709%. Early Wednesday, the September DJIA futures are down 257 points. Asian markets are mixed with Japan's Nikkei 225 down 14.73 (-0.07%) and China's Shanghai Composite up 8.93 points (0.3%). European markets are lower with London's FTSE 100 down 141.07 points (2.13%), Germany's DAX down 252.16 points (-2.04%) and France's CAC 40 down 86.61 points (-1.73%). The September Euro is down 0.001 at 1.130 and the September U.S. dollar index is up 0.122 at 96.730. The September 30-Year T-Bond is up 6/32nds, while August gold is up $12.60 at $1,794.60 and August crude oil is down $0.70 at $39.67. Soybeans on China's Dalian Exchange were down 1.18% while soybean meal was down 0.28%.