DTN Early Word Grains 06/05 05:52

DTN Early Word Grains 06/05 05:52 Grains Markets Mixed as Corn and Wheat Continue Correction Lower July corn is down 2 cents per bushel, July soybeans are up 2 3/4 cents, July KC wheat is down 1 3/4 cents, July Chicago wheat is down 3/4 cent and July Minneapolis wheat is up 1 cent. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is down 2 cents per bushel, July soybeans are up 2 3/4 cents, July KC wheat is down 1 3/4 cents, July Chicago wheat is down 3/4 cent and July Minneapolis wheat is up 1 cent. CME GLOBEX RECAP: World equity markets are mixed but U.S. and European markets are moving higher as the U.S. equities staged a recovery in Tuesday's session due to a weaker Jobs Openings report and a lower move in U.S. interest rates. The Job Openings Report (Jolt report) combined with the poor ISM manufacturing report from Monday indicate a slowing economy that may still allow the Federal reserve to lower interest rates this year. Lately the market has been trading a "higher for longer" narrative but recent economic data has been less inflationary. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 140.26 at 38,711.29 and the S&P 500 up 7.94 at 5,291.34, the 10-Year Treasury yield ended at 4.336%. Early Wednesday, the June Dow Jones Futures are up 60 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.2%, spot futures of Germany's DAX is trading up 0.66% and the spot futures of France's CAC 40 Index up 0.65%. Asian markets are lower with Japan's Nikkei 225 Index down 0.89% and China's Shanghai Composite Index down 0.83%.