DTN Early Word Grains 07/24 05:57

DTN Early Word Grains 07/24 05:57 Grains Mixed to Higher as Exports Support December corn is up 1/4 cent per bushel, November soybeans are down 1/2 cent, and September KC wheat is up 4 1/4 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: December corn is up 1/4 cent per bushel, November soybeans are down 1/2 cent, and September KC wheat is up 4 1/4 cents. CME Globex Recap: Weaker equity trade overnight with U.S. futures pointed at a lower open as investors fret over consulate closings by the United States and China this week. So far, the tit-for-tat has not impacted trade, especially agriculture, but that remains the chief concern. The U.S. Dollar Index is attempting to stabilize overnight after trading to the lowest level in almost two years. Energy markets are mostly firmer with crude oil trading $0.87 per barrel higher on the week. Gold is higher overnight, although has so far failed to take out Thursday's highs. Grain markets are mixed overnight with corn and wheat higher while soybeans sport small losses. This week has been a fairly encouraging one from a price standpoint with solid export sales supporting most contracts. Weather should remain the chief driver for another few weeks but solid demand is an encouraging sign. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 353.51 at 26,652.33 and the S&P 500 down 40.36 at 3,276.02 while the 10-Year Treasury yield ended at 0.582%. Early Friday, the September DJIA futures are down 87 points. Asian markets are lower with Japan's Nikkei 225 down 132.61 (-0.58%) and China's Shanghai Composite down 128.34 points (-3.86%). European markets are lower with London's FTSE 100 down 90.83 points (-1.36%), Germany's DAX down 233.76 points (-1.79%) and France's CAC 40 down 81.01 points (-1.61%). The September Euro is down 0.000 at 1.160 and the September U.S. dollar index is up 0.001 at 94.650. The September 30-Year T-Bond is down 3/32nds, while August gold is up $2.10 at $1,892.10 and September crude oil is up $0.47 at $41.54. Soybeans on China's Dalian Exchange were down 1.34% while soybean meal was up 0.92%.