DTN Early Word Grains 08/14 05:54

DTN Early Word Grains 08/14 05:54 Dead Red Monday Morning December corn was 4 cents lower, November soybeans were 9 cents lower, and September Chicago (SRW) wheat was 6 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 4 cents lower, November soybeans were 9 cents lower, and September Chicago (SRW) wheat was 6 cents lower. CME Globex Recap: Ag markets in general were lower Monday morning with strongest losses seen in soybeans and Minneapolis spring wheat. Corn, winter wheat, and cotton were also under pressure with most contracts near session lows. Outside commodities fared little better with metals lower and energies mostly lower. The U.S. dollar index was stronger, as was DJIA futures that seemed to relax a bit after tensions with North Korea took a backseat to fighting at home this past weekend. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 14.31 points higher at 21,858.32, the NASDAQ Composite added 39.68 points (0.6%) to 6,256.56, and the S&P 500 gained 3.11 points (0.1%) to 2,441.32 Friday. DJIA futures were 89 points higher early Monday morning. Asian markets closed mostly higher with Japan's Nikkei down 192.64 points (1.0%), Hong Kong's Hang Seng gaining 366.72 points (1.3%) and China's Shanghai Composite rallying 28.82 points (0.9%). European markets were trading higher with London's FTSE 100 up 40.54 points (0.5%), Germany's DAX up 127.48 points (1.0%), and France's CAC 40 up 44.77 points (0.9%). The euro was 0.0021 lower at 1.1801 while the U.S. dollar index gained 0.24 to 93.31. September 30-year T-Bonds were 13/32 lower at 155'02 while December gold dropped $7.10 to $1,286.10. Crude oil was $0.22 lower at $48.60 while Brent crude lost $0.29 to $51.81. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.