DTN Early Word Grains 07/18 05:42

DTN Early Word Grains 07/18 05:42 Grain Markets Lower on Weather, Crop Conditions December corn is down 2 1/2 cents per bushel, November soybeans are down 6 3/4 cents, September KC wheat is down 1 1/2 cents, September Chicago wheat is down 1/4 cent and September Minneapolis wheat is up 2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 2 1/2 cents per bushel, November soybeans are down 6 3/4 cents, September KC wheat is down 1 1/2 cents, September Chicago wheat is down 1/4 cent and September Minneapolis wheat is up 2 cents. CME GLOBEX RECAP: World equity markets are lower Thursday morning, after a choppy Wednesday in the U.S. where the Dow closed at another new lifetime high while the S&P 500 fell by nearly 1.4%. There is rotation occurring in the stock market, with markets that were previously depressed gaining favor and the recently high-flying stocks being sold. This is due to the idea that the economy is still likely to have a soft landing and that the strong economy and lower interest rates will likely help all the stocks, not just the few stocks that have driven equity gains for most of 2024. Wednesday's economic data was positive, with housing starts, building permits, industrial production, and capacity utilization all posting results that were slightly better than trade expectations. Thursday morning, we will get the weekly jobless claims, the Philli Fed manufacturing survey results, and the U.S. leading economic indicators. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 243.60 at 41,198.08 and the S&P 500 down 78.93 at 5,588.27, The 10-Year Treasury yield ended at 4.15%. Early Thursday, the September Dow Jones Futures are down 72 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.59%, spot futures of Germany's DAX is trading up 0.09% and the spot futures of France's CAC 40 Index up 0.55%. Asian markets are mixed with Japan's Nikkei 225 Index down 2.36% and China's Shanghai Composite Index up 0.48%.