DTN Early Word Grains 07/11 05:45

DTN Early Word Grains 07/11 05:45 Grain Markets Higher on Oversold Conditions, Strong Demand Indicators December corn is up 3 cents per bushel, November soybeans are up 4 cents, September KC wheat is up 9 cents, September Chicago wheat is up 7 1/2 cents and September Minneapolis wheat is up 5 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 3 cents per bushel, November soybeans are up 4 cents, September KC wheat is up 9 cents, September Chicago wheat is up 7 1/2 cents and September Minneapolis wheat is up 5 1/2 cents. CME GLOBEX RECAP: World equity markets are higher, as Fed Chairman Powell continued his dovish comments in front of the House of Representatives Wednesday. This has pressed down on interest rates and has helped futures rally this week. Traders will be looking closely at Thursday morning's CPI numbers to validate whether Powell's comments could lead to a cut in September. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 429.39 at 39,721.36 and the S&P 500 up 56.93 at 5,633.91, The 10-Year Treasury yield ended at 4.28%. Early Thursday, the September Dow Jones Futures are down 34 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.35%, spot futures of Germany's DAX is trading up 0.06% and the spot futures of France's CAC 40 Index up 0.5%. Asian markets are higher with Japan's Nikkei 225 Index up 0.94% and China's Shanghai Composite Index up 1.06%.