DTN Early Word Grains 07/22 05:51

DTN Early Word Grains 07/22 05:51 Grain Markets Sharply Higher on Demand, Forecast for Rising Temperatures December corn is up 1 1/2 cents per bushel, November soybeans are up 3/4 cent, September KC wheat is up 1/2 cent, September Chicago wheat is up 2 1/4 cents and September Minneapolis wheat is up 2 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 1/2 cents per bushel, November soybeans are up 3/4 cent, September KC wheat is up 1/2 cent, September Chicago wheat is up 2 1/4 cents and September Minneapolis wheat is up 2 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed Monday morning, with European markets higher and Asian markets lower. U.S. markets are higher after a busy political weekend that saw President Biden suspend his re-election campaign. This has traders scrambling to try and understand the longer-term ramifications of that decision. There will be several important new economic data points released this week. On Tuesday, we will get existing home sales and S&P flash PMI's for both services and manufacturing. Wednesday brings new home sales. Thursday is 2nd quarter GDP, durable goods, and inventories. On Friday we get the PCE data which is the favored Federal Reserve inflation indicator. In agriculture, we will get a cold storage report on Thursday along with all the normal reports. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average down 377.49 at 40,287.53 and the S&P 500 down 39.59 at 5,505.00, The 10-Year Treasury yield ended at 4.239%. Early Monday, the September Dow Jones Futures are up 44 points. European markets are mixed/higher/lower with the spot futures of London's FTSE 100 trading up 0.94%, spot futures of Germany's DAX is trading up 1.28% and the spot futures of France's CAC 40 Index up 1.13%. Asian markets are mixed/higher/lower with Japan's Nikkei 225 Index down 1.16% and China's Shanghai Composite Index down 0.61%.