DTN Early Word Grains 07/28 05:54

DTN Early Word Grains 07/28 05:54 Markets Cool with Dry Forecasts Ahead December corn was fractionally lower, November soybeans were 1 cent lower, and September Chicago (SRW) wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally lower, November soybeans were 1 cent lower, and September Chicago (SRW) wheat was 2 cents higher. CME Globex Recap: Corn and soybeans were showing small losses early Friday morning, moves that likely won't last the day let alone the latter stage of the overnight session. Other markets were mixed with wheat higher, energies mostly higher, while metals and softs were lower. Meanwhile the U.S. dollar index remains volatile, showing a solid sell-off. DJIA futures were also seeing strong selling interest. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 85.54 points (0.4%) higher at 21,796.55, the NASDAQ Composite lost 40.56 points (0.6%) to 6,382.19, and the S&P 500 dipped 2.41 to 2,475.42 Thursday. DJIA futures were 42 points lower early Friday morning. Asian markets closed mostly lower with Japan's Nikkei down 119.80 points (0.6%), Hong Kong's Hang Seng off 151.78 points (0.6%), and China's Shanghai Composite adding 3.46 points (0.1%). European markets were trading lower with London's FTSE 100 down 52.16 points (0.7%), Germany's DAX off 92.96 points (0.8%), and France's CAC 40 falling 74.66 points (1.5%). The euro was 0.0036 higher at 1.1713 while the U.S. dollar index fell 0.20 to 93.71. September 30-year T-Bonds were 7/32 lower at 152'12 while August gold dropped $1.80 to $1,258.20. Crude oil was $0.06 higher at $49.10 while Brent crude added $0.25 to $51.74. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.