DTN Early Word Grains 06/26 05:55

DTN Early Word Grains 06/26 05:55 Grains Mostly Recover into Weekend July corn is up 1 3/4 cents per bushel, July soybeans are up 3/4 cent, and September KC wheat is up 1 cent. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: July corn is up 1 3/4 cents per bushel, July soybeans are up 3/4 cent, and September KC wheat is up 1 cent. CME Globex Recap: Equity markets are higher around the globe overnight, although U.S. futures are pointing toward a lower open Friday morning. The seesaw nature of financial media reporting on the coronavirus has become almost unbearable of late. When markets are higher, investors are focused on easing lockdown restrictions and economic optimism. The very next day when markets are lower, investors are fearful of the surge in cases. Sprinkle in stories about continued stimulus from governments and central banks and the stories almost write themselves. Energy markets are higher overnight although spot crude oil futures remain below $40.00 per barrel. Precious metals are higher with silver up 0.36% overnight. Grain markets are mixed to higher overnight as corn and wheat attempt to stabilize following the heavy sell pressure witnessed Thursday. Given the quiet, sanguine nature of corn price action since the lows in April, a session like Thursday with six to seven cent losses feels like the ground is giving way underneath. Weather models will continue to drive price action until the USDA updates data tables Tuesday. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 299.66 at 25,745.60 and the S&P 500 up 33.43 at 3,050.33 while the 10-Year Treasury yield ended at 0.674%. Early Friday, the September DJIA futures are down 108 points. Asian markets are higher with Japan's Nikkei 225 up 252.29 (1.13%). European markets are higher with London's FTSE 100 up 77.5 points (1.26%), Germany's DAX up 90.13 points (0.74%) and France's CAC 40 up 59.83 points (1.22%). The September Euro is up 0.001 at 1.120 and the September U.S. dollar index is down 0.098 at 97.290. The September 30-Year T-Bond is down 1/32nds, while August gold is up $4.00 at $1,774.60 and August crude oil is up $0.49 at $39.21. China's Dalian Exchange was closed.