DTN Early Word Grains 07/02 05:54

DTN Early Word Grains 07/02 05:54 Grains Mixed as Weather Remains Supportive into Holiday Prices: September corn is up 1 1/4 cents per bushel, November soybeans are up 1 cent, and September KC wheat is down 1 cent. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: Prices: September corn is up 1 1/4 cents per bushel, November soybeans are up 1 cent, and September KC wheat is down 1 cent. CME Globex Recap: Global equity markets are higher around the globe overnight ahead of the latest U.S. payroll data which is expected to show more than three million jobs added during the month of June. If confirmed, it would be the second straight month of gains following the 20.7 million jobs lost in April as the United States slowly climbs back from the coronavirus pandemic. Energy markets are higher while precious metals are mixed with gold firmer and silver slightly weaker. Grain markets are mixed with row crops firmer and wheat weaker as corn and soybeans attempt to add to an impressive week of trade. Three-day weekends during the growing season can add a lot of volatility given how many times weather models can change by the time markets reopen. Additional short-covering into the weekend would not surprise as funds lighten risk until forecasts look less problematic. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average down 77.91 at 25,734.97 and the S&P 500 up 15.57 at 3,100.29 while the 10-Year Treasury yield ended at 0.682%. Early Thursday, the September DJIA futures are up 207 points. Asian markets are higher with Japan's Nikkei 225 up 24.23 (0.11%) and China's Shanghai Composite up 64.59 points (2.13%). European markets are higher with London's FTSE 100 up 55.1 points (0.89%), Germany's DAX up 248.21 points (2.02%) and France's CAC 40 up 83.71 points (1.7%). The September Euro is up 0.005 at 1.130 and the September U.S. dollar index is down 0.310 at 96.845. The September 30-Year T-Bond is up 8/32nds, while August gold is up $4.00 at $1,783.90 and August crude oil is up $0.28 at $40.10. Soybeans on China's Dalian Exchange were down 0.04% while soybean meal was up 1.15%.