DTN Early Word Grains 08/17 05:55

DTN Early Word Grains 08/17 05:55 Rain Makes Green December corn was 1 cent higher, November soybeans were 8 cents higher, and December Chicago (SRW) wheat was fractionally higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, November soybeans were 8 cents higher, and December Chicago (SRW) wheat was fractionally higher. CME Globex Recap: After another round of storms rolled across the western Midwest Wednesday, grain and oilseed markets were in the green overnight into Thursday morning. This despite another factor that tends to be bearish, a higher U.S. dollar index. In fact most commodity sectors were higher early Thursday with only energies under pressure. DJIA futures were also showing a small loss. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 25.88 points (0.1%) higher at 22,024.87, the NASDAQ Composite gained 12.10 points (0.2%) to 6,345.11, and the S&P 500 added 3.50 points (0.1%) to 2,468.11 Wednesday. DJIA futures were 17 points lower early Thursday morning. Asian markets closed mixed with Japan's Nikkei down 26.65 points (0.1%), Hong Kong's Hang Seng falling 64.85 points (0.2%) and China's Shanghai Composite gaining 21.98 points (0.7%). European markets were trading mostly lower with London's FTSE 100 down 21.11 points (0.3%), Germany's DAX losing 19.20 points (0.1%), and France's CAC 40 off 4.11 points. The euro was 0.0066 lower at 1.1702 while the U.S. dollar index rallied 0.38 to 93.85. September 30-year T-Bonds were 9/32 lower at 154'25 while December gold added $7.70 to $1,290.60. Crude oil was $0.13 lower at $46.65 while Brent crude lost $0.07 to $50.20. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.