DTN Early Word Grains 08/31 05:54

DTN Early Word Grains 08/31 05:54 Whole Lotta Nothin' Goin' On December corn was fractionally lower, November soybeans were unchanged, and December Chicago (SRW) wheat was 1 cent 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 1 cent higher. CME Globex Recap: One knows it was a quiet overnight session when early morning finds a 1-cent rally in Chicago wheat the highlight of the grain and oilseed complex. Corn and soybeans were both unchanged to fractionally lower. Outside markets were more active with another strong rally seen in RBOB gasoline. The U.S. dollar index was higher, as were DJIA futures. Gold was posting a small loss but holding above $1,300. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 27.06 points (0.1%) higher at 21,892.43, the NASDAQ Composite gained 66.42 points (1.0%) to 6,368.31, and the S&P 500 added 11.29 points to 2,457.59 Wednesday. DJIA futures were 64 points higher early Thursday morning. Asian markets closed mixed with Japan's Nikkei up 139.79 points (0.7%), Hong Kong's Hang Seng losing 124.31 points (0.4%), and China's Shanghai Composite off 2.82 points. European markets were trading higher with London's FTSE 100 up 44.86 points (0.6%), Germany's DAX gaining 69.63 points (0.5%), and France's CAC 40 adding 29.64 points (0.6%). The euro gained 0.0006 to 1.1889 while the U.S. dollar index rallied 0.21 to 93.06. December 30-year T-Bonds were 2/32 lower at 155'19 while December gold lost $3.50 to $1,310.60. Crude oil was $0.12 higher at $46.08 while Brent crude gained $0.12 to $50.98. RBOB gasoline rallied another 9.5 cents to $1.98. China's Dalian soybean and Malaysian palm oil futures were lower overnight.