DTN Early Word Grains 07/10 05:54

DTN Early Word Grains 07/10 05:54 Crops Doing Well, Prices Staying Lower December corn was down 2 1/2 cents, November soybeans were down 1 3/4 cents, and September Kansas City (HRW) wheat was down 6 3/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was down 2 1/2 cents, November soybeans were down 1 3/4 cents, and September Kansas City (HRW) wheat was down 6 3/4 cents. CME Globex Recap: Much like Monday, grain prices are starting in the red while other commodities are mixed and major stock markets are mostly higher. Tuesday is expected to be light on news after USDA's Crop Progress report handed out another round of high crop ratings for corn, soybeans, and spring wheat. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average up 320.11 points at 24,776.59 and the S&P 500 up 24.35 points at 2,784.17 while the 10-year Treasury yield ended at 2.86%. Early Tuesday, DJIA futures were up 60 points. Asian markets are higher with Japan's Nikkei 225 up 144.71 points (0.7%) and China's Shanghai Composite up 12.52 (0.4%). European markets are higher with London's FTSE 100 up 5.65 points (0.1%), Germany's DAX up 7.26 points (0.1%), and France's CAC 40 up 18.46 points (0.3%). The euro was down 0.0033 and the U.S. dollar index was down 0.24 at 94.32. September 30-year T-Bonds were down 3/32nds while August gold was down $6.10 at $1,253.90 and August crude oil was up $0.41 at $74.26. Soybeans on China's Dalian Exchange were lower and Malaysian palm oil futures were up 0.1%.