DTN Early Word Grains 05/09 06:25

DTN Early Word Grains 05/09 06:25 Grain Markets Higher, Rebounding Off Technical Support Levels July corn is up 2 3/4 cents per bushel, July soybeans are up 5 3/4 cents, July KC wheat is up 12 1/4 cents, July Chicago wheat is up 10 1/2 cents and July Minneapolis wheat is up 10 1/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is up 2 3/4 cents per bushel, July soybeans are up 5 3/4 cents, July KC wheat is up 12 1/4 cents, July Chicago wheat is up 10 1/2 cents and July Minneapolis wheat is up 10 1/4 cents. CME GLOBEX RECAP: World equity markets are mixed with U.S. markets slightly lower on Thursday morning. Wednesday's session saw the S&P 500 close nearly unchanged as traders are waiting for more signals from the Federal Reserve regarding their plans for the first rate cut. With very little in the way of new economic data this week, traders are trying to gage comments from various Fed speakers. With 6 different members of the Fed having already given speeches this week, the net effect is still uncertainty as to the timing of the first cut. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 172.13 at 39,056.39 and the S&P 500 down 0.03 at 5,187.67, The 10-Year Treasury yield ended at 4.613%. Early Thursday, the June Dow Jones Futures are down 59 points. European markets are mixed with the spot futures of London's FTSE 100 trading up 0.05%, spot futures of Germany's DAX is trading up 0.21% and the spot futures of France's CAC 40 Index down 0.14%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.34% and China's Shanghai Composite Index up 0.83%.