DTN Early Word Grains 08/07 05:54

DTN Early Word Grains 08/07 05:54 Monday Might've Been Done Early December corn was 2 cents higher, November soybeans were 7 cents higher, and September Chicago (SRW) wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 2 cents higher, November soybeans were 7 cents higher, and September Chicago (SRW) wheat was 2 cents higher. CME Globex Recap: Grain and oilseed markets opened the Sunday night session higher, extended those gains, then settled into bed for the night. As Monday morning rolled around, it's quite possible markets had seen their trading range, not just for the overnight session, but possibly all of Monday as traders await the next round of weekly crop condition numbers from NASS. Outside markets were lower with both gold and crude oil showing losses despite a weaker U.S. dollar. DJIA futures were higher once again. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 66.71 points (0.3%) higher at 22,092.81, the NASDAQ Composite added 11.22 points (0.2%) to 6,351.56, and the S&P 500 gained 4.67 points (0.2%) to 2,476.83 Friday. DJIA futures were 32 points higher early Monday morning. Asian markets closed mostly higher with Japan's Nikkei up 103.56 points (0.5%), Hong Kong's Hang Seng gaining 127.68 points (0.5%), and China's Shanghai Composite up 17.38 points (0.5%). European markets were trading mixed with London's FTSE 100 up 10.73 points (0.1%), Germany's DAX down 34.70 points (0.3%), and France's CAC 40 up 6.83 points (0.1%). The euro was 0.0028 higher at 1.1801 while the U.S. dollar index dipped 0.07 to 93.42. September 30-year T-Bonds were 1/32 lower at 154'02 while December gold lost $2.00 to $1,262.60. Crude oil was $0.70 lower at $48.88 while Brent crude dipped $0.75 to $51.67. China's Dalian soybean futures posted a solid gain while Malaysian palm oil futures were lower overnight.