DTN Early Word Grains 05/07 05:52

DTN Early Word Grains 05/07 05:52 Grain Markets Lower Tuesday Morning, Primarily on Good Rains in the HRW Wheat Belt July corn is down 1 3/4 cents per bushel, July soybeans are down 6 1/2 cents, July KC wheat is down 11 1/4 cents, July Chicago wheat is down 6 cents and July Minneapolis wheat is down 4 3/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is down 1 3/4 cents per bushel, July soybeans are down 6 1/2 cents, July KC wheat is down 11 1/4 cents, July Chicago wheat is down 6 cents and July Minneapolis wheat is down 4 3/4 cents. CME GLOBEX RECAP: World equity markets are mostly higher again Tuesday morning, after a strong session on Monday that continues to focus on last week's Federal Reserve comments that leaned more dovish than traders expected. Corporate earnings that have skewed mostly better than expected have helped equities rally in the face of ongoing high interest rates. There was no new data on Monday, but we will get a read on consumer credit Tuesday morning. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 176.59 at 38,852.27 and the S&P 500 up 52.95 at 5,180.74, The 10-Year Treasury yield ended at 4.673%. Early Tuesday, the June Dow Jones Futures are up 64 points. European markets are higher with the spot futures of London's FTSE 100 trading up 1.08%, spot futures of Germany's DAX is trading up 0.74% and the spot futures of France's CAC 40 Index up 0.4%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.01% and China's Shanghai Composite Index up 0.22%.