DTN Early Word Grains 05/06 06:30

DTN Early Word Grains 05/06 06:30 Grains Lower Monday Morning, Primarily on Good Rains in HRW Wheat Belt EARLY MORNING GLOBEX NET CHANGES: July corn is down 2 1/4 cents per bushel, July soybeans are down 6 1/2 cents, July KC wheat is down 19 cents, July Chicago wheat is down 10 3/4 cents and July Minneapolis wheat is down 13 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is down 2 1/4 cents per bushel, July soybeans are down 6 1/2 cents, July KC wheat is down 19 cents, July Chicago wheat is down 10 3/4 cents and July Minneapolis wheat is down 13 1/2 cents. CME GLOBEX RECAP: World equity markets are beginning the week mostly higher after a strong U.S. market Friday that was supported by a jobs report that had lower-than-expected employment gains in the U.S. The report showed a gain of 175,000 jobs compared to the expectation of 240,000, and unemployment rose to 3.9%. This report, combined with last week's dovish comments from Fed Chairman Powell, had traders more confident that a rate cut could still occur sometime this year. The market data coming at us this week is very light, with consumer credit on Tuesday, wholesale inventories on Wednesday, Initial jobless claims on Thursday, and consumer sentiment on Friday. There will be several speeches from members of the Fed, which will be watched closely. OUTSIDE MARKETS: Previous close Friday showed the Dow Jones Industrial Average up 450.02 at 38,675.68 and the S&P 500 up 63.59 at 5,127.79, The 10-Year Treasury yield ended at 4.58%. Early Monday, the June Dow Jones Futures are up 90 points. European markets are mixed with the spot futures of London's FTSE 100 steady, spot futures of Germany's DAX trading up 0.84%, and the spot futures of France's CAC 40 Index up 0.76%. Asian markets are mixed with Japan's Nikkei 225 Index steady and China's Shanghai Composite Index up 1.16%.