DTN Early Word Grains 07/24 05:58

DTN Early Word Grains 07/24 05:58 Corn, Wheat Higher Facing Hot Temperatures, More Fighting in Ukraine December corn was up 25 cents, November soybeans were up 19 cents and September KC wheat was up 36 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: December corn was up 25 cents, November soybeans were up 19 cents and September KC wheat was up 36 cents. CME GLOBEX RECAP: Early Monday, Dow Jones futures are trading higher, while stocks in Europe and Asia are mixed. Traders are anticipating another busy week of earning reports along with a Fed announcement on Wednesday afternoon, likely raising the federal funds rate by a quarter-percent. Back from the weekend, traders will be paying close attention to the latest weather reports and any news from the Black Sea region. USDA's weekly inspections report is set for 10 a.m. CDT and will be followed by the Crop Progress report at 3 p.m. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 2.51 at 35,227.69 and the S&P 500 Index up 1.47 at 4,536.34. The 10-Year Treasury yield ended at 3.84%. Early Monday, September Dow Jones futures are up 48 points. European markets are mixed with the spot futures of the London FTSE 100 trading up 0.02%, spot futures of Germany's DAX trading up 0.01% and spot futures of France's CAC Index trading down 0.22%. Asian markets are mixed with Japan's Nikkei 225 index up 1.23% and China's Shanghai Composite Index down 0.11%.