DTN Early Word Grains 07/27 05:35

DTN Early Word Grains 07/27 05:35 Crop Prices Mixed Early Thursday, More Hot Temperatures Expected December corn was down 2 1/2 cents, November soybeans were up 2 and September KC wheat was up 2 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: December corn was down 2 1/2 cents, November soybeans were up 2 and September KC wheat was up 2 cents. CME GLOBEX RECAP: Early Thursday, Dow Jones futures are trading higher, in line with Europe, one day after the Federal Reserve increased the federal funds rate target by a quarter-percent, as expected. USDA's weekly export sales will be out at 7:30 a.m. CDT Thursday, the same time as weekly jobless claims, U.S. durable goods orders for June, a report on second-quarter U.S. GDP and an update of the U.S. Drought Monitor. The Energy Department's weekly report of natural gas storage follows at 9:30 a.m. Thursday's earnings reports include Honeywell, McDonald's Ford, T-Mobile and others, reported CNBC.com. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 82.05 at 35,520.12 and the S&P 500 Index down 0.71 at 4,566.75. The 10-Year Treasury yield ended at 3.85%. Early Thursday, September Dow Jones futures are up 49 points. European markets are higher with the spot futures of the London FTSE 100 trading up 0.30%, spot futures of Germany's DAX trading up 0.94% and spot futures of France's CAC Index trading up 1.49%. Asian markets are mixed with Japan's Nikkei 225 index up 0.68% and China's Shanghai Composite Index down 0.20%.