DTN Early Word Grains 06/14 05:48

DTN Early Word Grains 06/14 05:48 Grain Markets Lower, Once Again Led by Wheat July corn is down 1 cent per bushel, July soybeans are down 4 3/4 cents, July KC wheat is down 3 3/4 cents, July Chicago wheat is down 3 1/2 cents and September Minneapolis wheat is down 2 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is down 1 cent per bushel, July soybeans are down 4 3/4 cents, July KC wheat is down 3 3/4 cents, July Chicago wheat is down 3 1/2 cents and September Minneapolis wheat is down 2 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed with U.S. and European markets lower while Asian markets are higher. Thursday's U.S. session finished with a slightly lower DJIA, but with gains in the S&P 500 and in the NASDAQ. The S&P 500 made another new lifetime high. PPI data released on Thursday was generally thought to be less inflationary than expected, and it confirmed the weaker CPI data from Wednesday. Initial jobless claims were higher than trade expectations. All in all, most of the data this week indicated a slowing of the U.S. economy which has been reflected in the 10-year note which has fallen to 4.24% this week. This has not translated to a weaker U.S. dollar as the European central bank lowered interest rates this week. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average down 65.11 at 38,647.10 and the S&P 500 up 12.71 at 5,433.74, The 10-Year Treasury yield ended at 4.24%. Early Friday, the June Dow Jones Futures are down 352 points. European markets are mixed/higher/lower with the spot futures of London's FTSE 100 trading down 0.43%, spot futures of Germany's DAX is trading down 1.31% and the spot futures of France's CAC 40 Index down 2.41%. Asian markets are mixed/higher/lower with Japan's Nikkei 225 Index up 0.24% and China's Shanghai Composite Index up 0.12%.