DTN Early Word Grains 05/21 05:54

DTN Early Word Grains 05/21 05:54 Grain Markets Lower Tuesday Morning on Faster Than Expected Planting Progress July corn is down 4 1/2 cents per bushel, July soybeans are down 11 1/2 cents, July KC wheat is down 3 3/4 cents, July Chicago wheat is down 3 cents and July Minneapolis wheat is down 2 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is down 4 1/2 cents per bushel, July soybeans are down 11 1/2 cents, July KC wheat is down 3 3/4 cents, July Chicago wheat is down 3 cents and July Minneapolis wheat is down 2 1/2 cents. CME GLOBEX RECAP: World equity markets are mostly lower Tuesday morning, correcting some recent strength which has included new lifetime highs in the S&P 500 and the Dow Jones Industrial Average. Traders continue to watch for clues to future interest rate movement. There is no new economic data released Tuesday, but a number of members of the Federal Reserve will be speaking. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average down 196.82 at 39,806.77 and the S&P 500 up 4.86 at 5,308.13, The 10-Year Treasury yield ended at 4.560%. Early Tuesday, the June Dow Jones Futures are up 4 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.43%, spot futures of Germany's DAX is trading down 0.5% and the spot futures of France's CAC 40 Index down 0.8%. Asian markets are lower with Japan's Nikkei 225 Index down 0.31% and China's Shanghai Composite Index down 0.42%.