DTN Early Word Grains 07/02 05:59

DTN Early Word Grains 07/02 05:59 Wheat Leads Grain Prices Higher December corn was unchanged, November soybeans were up 2 cents, and September Kansas City (HRW) wheat was up 11 3/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was unchanged, November soybeans were up 2 cents, and September Kansas City (HRW) wheat was up 11 3/4 cents. CME Globex Recap: Global markets are broadly lower again early Monday after President Trump talked about imposing auto tariffs over the weekend and said a NAFTA agreement is not likely before this year's fall elections. Most outside commodities are also trading lower, except for grain prices, led by a double-digit gain in K.C. wheat. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average up 55.36 points at 24,271.41 and the S&P 500 up 2.06 points at 2,718.37 while the 10-year Treasury yield ended at 2.85%. Early Monday, DJIA futures were down 150 points. Asian markets were lower with Japan's Nikkei 225 down 492.58 points (-2.2%) and China's Shanghai Composite down 71.86 (-2.5%). European markets were also lower with London's FTSE 100 down 72.44 points (-0.9%), Germany's DAX down 68.83 points (-0.6%), and France's CAC 40 down 56.18 points (-1.0%). The euro was down 0.0033 and the U.S. dollar index was up 0.37 at 94.84. September 30-year T-Bonds were up 11/32nds while August gold was down $4.90 at $1,249.60 and August crude oil was down $0.38 at $73.77. Soybeans on China's Dalian Exchange were trading higher and Malaysian palm oil futures were up 0.3%.