DTN Early Word Grains 07/17 05:45

DTN Early Word Grains 07/17 05:45 Grain Markets Higher on Strong Demand and Seven-day Forecast That Turns Drier for Much of the Corn Belt December corn is up 3 cents per bushel, November soybeans are up 4 1/2 cents, September KC wheat is up 5 1/2 cents, September Chicago wheat is up 2 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 1/2 cents, September KC wheat is up 5 1/2 cents, September Chicago wheat is up 2 1/2 cents and September Minneapolis wheat is up 5 1/2 cents. CME GLOBEX RECAP: World equity markets are lower Wednesday morning, despite U.S. markets that saw record high closes on Tuesday in both the DJIA and the S&P 500. Tuesday's retain sales report was stronger than trade expectations, and this suggested the consumer is still healthy. With a still strong consumer but with labor statistics slowing, a "soft landing" seems to be a more likely outcome in the minds of traders, and that is being reflected in U.S. stock prices. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 742.76 at 40,954.48 and the S&P 500 up 35.98 at 5,667.20, The 10-Year Treasury yield ended at 4.17%. Early Wednesday, the September Dow Jones Futures are down 53 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.07%, spot futures of Germany's DAX is trading down 0.28% and the spot futures of France's CAC 40 Index down 0.21%. Asian markets are lower with Japan's Nikkei 225 Index down 0.43% and China's Shanghai Composite Index down 0.45%.