DTN Early Word Grains 05/31 05:40

DTN Early Word Grains 05/31 05:40 Crop Prices Remain Under Bearish Pressure Early Wednesday December corn is down 8 cents, November soybeans are down 13 cents and July KC wheat is down 12 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 8 cents, November soybeans are down 13 cents and July KC wheat is down 12 cents. CME GLOBEX RECAP: Early Wednesday, U.S. stock futures are trading lower, in line with lower stocks in Europe and Asia. Traders are waiting to see if Congress will approve a higher debt ceiling with a vote in the House expected Wednesday evening. The Federal Reserve's Beige Book will be released at 1 p.m. CDT, possibly holding clues on interest rates ahead of the Fed's June 14 rate announcement. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average down 50.56 at 33,042.78 and the S&P 500 Index up 0.07 at 4,205.52. The 10-Year Treasury yield ended at 3.70%. Early Wednesday, June Dow Jones futures are down 75 points. European markets are lower with the spot futures of the London FTSE 100 trading down 0.17%, spot futures of Germany's DAX trading down 0.28% and spot futures of France's CAC Index trading down 0.40%. Asian markets are also lower with Japan's Nikkei 225 index down 1.41% and China's Shanghai Composite Index down 0.61%.