DTN Early Word Grains 07/19 05:54

DTN Early Word Grains 07/19 05:54 Two Sides to Every Market December corn was 6 cents higher, November soybeans were 5 cents higher, and September Minneapolis (HRS) wheat was 6 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 6 cents higher, November soybeans were 5 cents higher, and September Minneapolis (HRS) wheat was 6 cents higher. CME Globex Recap: The overnight session saw grains and oilseeds trade both sides of unchanged, with most sitting near their highs early Wednesday morning. A mostly blank weather map helped erase the initial sell-off that saw soybeans fall 5 cents, corn lose 3 cents, and Minneapolis wheat drop 4 cents. Outside markets were mostly higher with gains seen in energies and most of the softs. However, metals were under light pressure as the U.S. dollar index posted a small rally. DJIA futures were down slightly. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 54.99 points (0.3%) lower at 21,574.73, the NASDAQ Composite gained 29.87 points (0.5%) to 6,344.31, and the S&P 500 added 1.47 points to 2,460.61 Tuesday. DJIA futures were 5 points lower early Wednesday morning. Asian markets closed higher with Japan's Nikkei up 20.95 points (0.1%), Hong Kong's Hang Seng gaining 147.22 points (0.6%), and China's Shanghai Composite up 43.41 points (1.4%). European markets were trading mixed with London's FTSE 100 up 13.60 points (0.2%), Germany's DAX adding 6.37 points, and France's CAC 40 rallying 8.94 points (0.2%). The euro was down 0.0022 at 1.1533 while the U.S. dollar index gained 0.05 to 94.73. September 30-year T-Bonds were 3/32 lower at 153'24 while August gold lost $2.40 to $1,239.50. Crude oil was $0.15 higher at $46.55 while Brent crude rallied $0.23 to $49.07. China's Dalian soybean futures were lower and Malaysian palm oil futures were higher overnight.