DTN Early Word Grains 07/17 06:00

DTN Early Word Grains 07/17 06:00 Grains Mixed as Focus Remains Weather, China December corn is up 2 3/4 cents per bushel, November soybeans are up 4 1/4 cents, and September KC wheat is down 2 1/2 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: December corn is up 2 3/4 cents per bushel, November soybeans are up 4 1/4 cents, and September KC wheat is down 2 1/2 cents. CME Globex Recap: Mixed global equity trade overnight, although there are plenty of headlines to keep markets jumpy. On Thursday, financial media began carrying news the White House was considering putting the popular social media app TikTok on a blacklist that would effectively prevent Americans from using it in an effort to prevent China from obtaining personal data. Such a high-profile move would undoubtedly fracture relations just as China has been buying large amounts of U.S. ag products. Energy markets are softer overnight, bonds are slightly higher, the U.S. Dollar Index is weaker and precious metals are lightly mixed. Grain markets are mixed with row crops higher and wheat markets steady to lower. China and weather remain the primary drivers of price direction as the Midwest corn crop enters full pollination. Weekend weather maps will once again drive Sunday night price action, but there doesn't seem to be anything overly threatening on the final day of trade this week. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 135.39 at 26,734.71 and the S&P 500 down 10.99 at 3,226.56 while the 10-Year Treasury yield ended at 0.612%. Early Friday, the September DJIA futures are up 79 points. Asian markets are mixed with Japan's Nikkei 225 down 73.94 (-0.32%) and China's Shanghai Composite up 4.03 points (0.13%). European markets are mixed with London's FTSE 100 up 23.01 points (0.37%), Germany's DAX up 48.05 points (0.37%) and France's CAC 40 down 15.52 points (-0.31%). The September Euro is up 0.004 at 1.140 and the September U.S. dollar index is down 0.214 at 96.105. The September 30-Year T-Bond is up 4/32nds, while August gold is up $3.80 at $1,804.10 and August crude oil is down $0.30 at $40.45. Soybeans on China's Dalian Exchange were down 0.44% while soybean meal was up 0.52%.