DTN Early Word Grains 05/28 05:48

DTN Early Word Grains 05/28 05:48 Grain Markets Mixed With Wheat Strong on Lower Russian Production Forecasts July corn is up 3 1/4 cents per bushel, July soybeans are down 3 1/4 cents, July KC wheat is up 16 cents, July Chicago wheat is up 11 3/4 cents and July Minneapolis wheat is up 9 3/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is up 3 1/4 cents per bushel, July soybeans are down 3 1/4 cents, July KC wheat is up 16 cents, July Chicago wheat is up 11 3/4 cents and July Minneapolis wheat is up 9 3/4 cents. CME GLOBEX RECAP: World equity markets are mostly lower with strength in the tech sector still being driven by strong earnings tied to AI development, but lower markets in other sectors that are worried about interest rates that still appear to be higher for longer. World markets have been pricing in rate cuts by other central banks that are dealing with recessionary economics, but the U.S. Federal Reserve is not likely to cut rates until data shows inflation closer to their 2% target. New economic data this week includes the Case Schiller home price index and consumer confidence on Tuesday, the Fed Beige Book on Wednesday, initial jobless claims, and inventories on Thursday, and the very important PCE data on Friday. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 4.33 at 39,069.59 and the S&P 500 up 36.88 at 5,304.72, The 10-Year Treasury yield ended at 44.67%. Early Tuesday, the June Dow Jones Futures are down 56 points. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.23%, spot futures of Germany's DAX is trading up 0.2% and the spot futures of France's CAC 40 Index down 0.24%. Asian markets are lower with Japan's Nikkei 225 Index down 0.11% and China's Shanghai Composite Index down 0.46%.