DTN Early Word Grains 08/02 05:53

DTN Early Word Grains 08/02 05:53 Grain Prices Mixed With Corn, Wheat Supported by Another Russian Strike on Ukrainian Grain Facilities December corn is up 5 1/4 cents per bushel, November soybeans are down 6 cents, September KC wheat is up 6 1/4 cents, September Chicago wheat is up 7 1/2 cents and September Minneapolis wheat is up 3 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 5 1/4 cents per bushel, November soybeans are down 6 cents, September KC wheat is up 6 1/4 cents, September Chicago wheat is up 7 1/2 cents and September Minneapolis wheat is up 3 cents. CME GLOBEX RECAP: World equity markets are mostly lower Wednesday morning after a mixed session Tuesday which saw the Dow Jones Industrial average gain for the 15th day in the past 16 sessions. The broader markets were slightly lower after a July in which we managed to rally back up near lifetime highs. We are now seeing some profit taking as economic data continues to show impacts from higher interest rates. Late Tuesday, Fitch, a rating agency, lowered its rating on U.S. debt which could be responsible for the overnight weakness in U.S. stocks. Tuesday's ISM report was weaker than forecast, with the index coming in at 46.4, lower than trade expectations and indicating a continued slowing of manufacturing activity in the U.S. The one area that isn't weak is labor, and Tuesday's Job Openings report showed an increased number of jobs available with less layoffs than expected. The data was for April, which is "old news", but we will get a new employment report on Friday that will be very important to market sentiment. Wednesday morning, we will get the ADP employment report, which will give U.S. a private sector estimate of U.S. employment. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 71.15 at 35,630.68 and the S&P 500 down 12.23 at 4,576.73, The 10-Year Treasury yield ended at 4.05%. Early Wednesday, the September Dow Jones Futures are down 181 points. European markets are lower with the spot futures of London's FTSE 100 trading down 1.31%, spot futures of Germany's DAX is trading down 1.4% and the spot futures of France's CAC 40 Index down 1.1%. Asian markets are lower with Japan's Nikkei 225 Index down 2.3% and China's Shanghai Composite Index down 0.89%.