DTN Early Word Grains 07/13 05:57

DTN Early Word Grains 07/13 05:57 Row Crops Weaker on Weather as Wheat Holds Steady December corn is down 5 cents per bushel, November soybeans are down 6 1/2 cents, and September KC wheat is down 1/2 cent. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: December corn is down 5 cents per bushel, November soybeans are down 6 1/2 cents, and September KC wheat is down 1/2 cent. CME Globex Recap: Global equities are higher around the globe overnight, led by sharp gains in Asia which have carried over into Europe and U.S. futures. Investors don't seem concerned with the escalation between the U.S. and China after Beijing said it will sanction a group of U.S. politicians in retaliation for measures announced by Washington last week. Energy markets are softer with spot crude oil prices easing back below $40 per barrel as the magnate to that level remains intact. The U.S. Dollar Index is weaker with the short-term downtrend in place while precious metals are higher overnight. Grains are mostly weaker overnight although buying has surfaced to bring most contracts off the lows and even push wheat markets into positive territory. The performance late week and overnight has been difficult for bulls to swallow, especially considering yields are far from determined. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 361.19 at 25,706.09 and the S&P 500 down 17.89 at 3,169.94 while the 10-Year Treasury yield ended at 0.605%. Early Monday, the September DJIA futures are up 135 points. Asian markets are higher with Japan's Nikkei 225 up 493.93 (2.22%) and China's Shanghai Composite up 59.96 points (1.77%). European markets are higher with London's FTSE 100 up 58.14 points (0.95%), Germany's DAX up 124.9 points (0.99%) and France's CAC 40 up 33.93 points (0.68%). The September Euro is up 0.002 at 1.130 and the September U.S. dollar index is down 0.029 at 96.585. The September 30-Year T-Bond is down 0/32nds, while August gold is up $12.20 at $1,814.10 and August crude oil is down $0.65 at $39.90. Soybeans on China's Dalian Exchange were down 0.33% while soybean meal was down 1.13%.