DTN Early Word Grains 06/12 05:17

DTN Early Word Grains 06/12 05:17 Corn Prices Higher After Disappointing Rain Coverage December corn is up 12 cents, November soybeans are up 7 cents and July KC wheat is down 6 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 12 cents, November soybeans are up 7 cents and July KC wheat is down 6 cents. CME GLOBEX RECAP: Early Monday, U.S. stocks are trading slightly higher, supported by gains in Europe and lower trading in crude oil. USDA's weekly report of export inspections is set for 10 a.m. CDT, followed by Crop Progress at 3 p.m. Outside markets will watch for the consumer price index on Tuesday and the Federal Reserve's next rate announcement on Wednesday. OUTSIDE MARKETS: Previous closes Sunday showed the Dow Jones Industrial Average up 43.17 at 33,876.78 and the S&P 500 Index up 4.93 at 4,298.86. The 10-Year Treasury yield ended at 3.75%. Early Monday, June Dow Jones futures are up 21 points. European markets are higher with the spot futures of the London FTSE 100 trading up 0.29%, spot futures of Germany's DAX trading up 1.04% and spot futures of France's CAC Index trading up 0.85%. Asian markets are mixed with Japan's Nikkei 225 index up 0.52% and China's Shanghai Composite Index down 0.08%.