DTN Early Word Grains 07/26 05:57

DTN Early Word Grains 07/26 05:57 Shades of Green December corn was 1 cent higher, November soybeans were 4 cents higher, and September Chicago (SRW) wheat was 5 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, November soybeans were 4 cents higher, and September Chicago (SRW) wheat was 5 cents higher. CME Globex Recap: Commodities in general were showing a shade of green on the quote screen Wednesday morning, meaning most were trading higher. One exception was gold, where a short-term downtrend has been established this week. As for grain and oilseed markets, canola was the only one showing red. Cotton was also under pressure, fitting since it was one of the few ag markets able to rally Tuesday. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 100.26 points (0.5%) higher at 21,613.43, the NASDAQ Composite gained 1.37 points to 6,412.17, and the S&P 500 added 7.22 points (0.3%) to 2,477.13 Tuesday. DJIA futures were 18 points higher early Wednesday morning. Asian markets closed higher with Japan's Nikkei up 94.96 points (0.5%), Hong Kong's Hang Seng gaining 88.97 points (0.3%), and China's Shanghai Composite rallying 3.99 points (0.1%). European markets were trading higher with London's FTSE 100 adding 51.05 points (0.7%), Germany's DAX up 48.44 points (0.4%), and France's CAC 40 gaining 43.30 points (0.8%). The euro was 0.0007 lower at 1.1641 while the U.S. dollar index added 0.03 to 94.12. September 30-year T-Bonds were 7/32 higher at 152'27 while August gold lost $5.30 to $1,246.80. Crude oil was $0.35 higher at $48.24 while Brent crude added $0.25 to $50.45. China's Dalian soybean and Malaysian palm oil futures were both higher again overnight.