DTN Early Word Grains 06/08 05:45

DTN Early Word Grains 06/08 05:45 Grain Markets Mixed, Mostly Lower on Weather, Demand Worries Ahead of Friday's USDA report. July corn is down 3 1/4 cents per bushel, July soybeans are up 1/2 cent, July KC wheat is up 1 1/2 cents, July Chicago wheat is down 3/4 cent and July Minneapolis wheat is up 5 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is down 3 1/4 cents per bushel, July soybeans are up 1/2 cent, July KC wheat is up 1 1/2 cents, July Chicago wheat is down 3/4 cent and July Minneapolis wheat is up 5 1/2 cents. CME GLOBEX RECAP: Equity markets are slightly lower in the U.S. Thursday morning after a mixed session Wednesday that saw the Dow rally almost 100 points while the S&P was slightly lower. This week, we have seen both the Reserve Bank of Australia and the Bank of Canada raise rates by 1/4 point, surprising market participants in both cases. This has some traders wondering if the U.S. Fed will do something similar at their meeting next week. Prior to the meeting, we will see the release of the May CPI and PPI numbers, and that data might well be the decision maker for the Fed. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 91.74 at 33,665.02 and the S&P 500 down 16.33 at 4,267.52, The 10-Year Treasury yield ended at 3.78%. Early Thursday, the June Dow Jones Futures are down 8 points. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.02%, spot futures of Germany's DAX is trading up 0.31% and the spot futures of France's CAC 40 Index up 0.32%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.85% and China's Shanghai Composite Index up 0.5%. The June Euro is up 0.002 at 1.073 and the June U.S. Dollar Index is down 0.200 at 103.855. The September 30-Year T-Bond is down 13/32nds, while August gold is up $2.30 at $1,960.70 and July crude oil is up $0.73 at $73.26. On China's Dalian Exchange, July corn was up 0.38% while July soybeans were down 0.45%, September soybean meal was down 0.4% and August Malaysian Palm Oil was trading down 1.72%.