DTN Early Word Grains 08/30 05:58

DTN Early Word Grains 08/30 05:58 A Little Bit of Everything Wednesday Morning December corn was fractionally lower, November soybeans were unchanged, and December 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 unchanged, and December Chicago (SRW) wheat was 2 cents higher. CME Globex Recap: The grain and oilseed complex was as mixed as could be Wednesday morning with corn fractionally lower, wheat higher, and soybeans unchanged. Traders continue to focus more on outside markets with crude oil under pressure once again, this time taking gold with it. As for the latter, some of the pressure came from light buying that reemerged in the U.S. dollar. Cotton posted a small rally, though commercial buying wasn't evident overnight. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 56.97 points (0.3%) higher at 21,865.37, the NASDAQ Composite gained 18.87 points (0.3%) to 6,301.89, and the S&P 500 added 2.06 points to 2,446.30 Tuesday. DJIA futures were 25 points higher early Wednesday morning. Asian markets closed mostly higher with Japan's Nikkei up 143.99 points (0.7%), Hong Kong's Hang Seng gaining 329.60 points (1.2%), and China's Shanghai Composite off 1.60 points. European markets were trading higher with London's FTSE 100 up 13.90 points (0.2%), Germany's DAX gaining 48.95 points (0.4%), and France's CAC 40 adding 16.20 points (0.3%). The euro lost 0.0029 to 1.1945 while the U.S. dollar index rallied 0.16 to 92.49. December 30-year T-Bonds were 6/32 higher at 155'28 while December gold dipped $2.40 to $1,316.40. Crude oil was $0.24 lower at $46.20 while Brent crude lost $0.42 to $51.58. China's Dalian soybean futures were lower and Malaysian palm oil futures mostly lower overnight.