DTN Early Word Grains 08/21 05:54

DTN Early Word Grains 08/21 05:54 Eclipse or No, Grains Still Low December corn was 3 cents lower, November soybeans were 5 cents lower, and December Chicago (SRW) wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 3 cents lower, November soybeans were 5 cents lower, and December Chicago (SRW) wheat was 2 cents lower. CME Globex Recap: Anticipation for Monday's celestial phenomenon didn't change the mood in grain and oilseed markets overnight, with pressure seen from the opening bell through early Monday morning. Traders still seem to be watching the rains form over parts of the western Corn Belt, possibly to the benefit of soybean crops in the area. Additional pressure could be tied to opening round of talks toward renegotiating NAFTA that were described as "tense". Outside markets were mixed with softs mostly higher, metals higher, and energies mostly lower. The U.S. dollar index held its small gain overnight while DJIA futures fell back on pressure from overseas equity markets. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 76.22 points (0.4%) lower at 21,674.51, the NASDAQ Composite lost 5.39 points (0.1%) to 6,216.53, and the S&P 500 fell 4.46 points (0.2%) to 2,425.55 Friday. DJIA futures were 11 points lower early Monday morning. Asian markets closed mixed with Japan's down 77.28 points (0.4%), Hong Kong's Hang Seng rallying 107.11 points (0.4%) and China's Shanghai Composite adding 18.18 points (0.6%). European markets were trading lower with London's FTSE 100 down 12.53 points (0.2%), Germany's DAX losing 43.73 points (0.4%), and France's CAC 40 off 21.08 points (0.4%). The euro was 0.0017 lower at 1.1744 while the U.S. dollar index added 0.09 to 93.51. December 30-year T-Bonds were 8/32 higher at 154'28 while December gold added $1.10 to $1,292.70. Crude oil was $0.10 higher at $48.61 while Brent crude slipped $0.13 to $52.59. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.