DTN Early Word Grains 09/06 05:58

DTN Early Word Grains 09/06 05:58 A Frost-Free Wednesday Morning December corn was 2 cents lower, November soybeans were 2 cents lower, and December Chicago (SRW) wheat was 3 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 2 cents lower, November soybeans were 2 cents lower, and December Chicago (SRW) wheat was 3 cents lower. CME Globex Recap: Grain and oilseed markets were showing small losses early Wednesday, not surprising given the degree of the rally posted Tuesday. Early frost fears weren't realized, again, allowing corn and soybeans to ease back from recent highs. Outside commodities were mixed with softs lower, including cotton, energies mostly higher, and metals still strong. The U.S. dollar index was down again on stronger signals that the Federal Reserve may not raise interest rates in September. DJIA futures were posting a modest gain falling Tuesday's sharp sell-off. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 234.25 points (1.1%) lower at 21,753.31, the NASDAQ Composite lost 59.76 points (0.9%) to 6,375.57, and the S&P 500 fell 18.70 points (0.8%) to 2,457.85 Tuesday. DJIA futures were 3 points higher early Wednesday morning. Asian markets closed mostly lower with Japan's Nikkei down 27.84 points (0.1%), Hong Kong's Hang Seng off 127.59 points (0.5%), and China's Shanghai Composite adding 1.07 points. European markets were trading lower with London's FTSE 100 down 36.40 points (0.5%), Germany's DAX losing 5.31 points, and France's CAC 40 off 9.17 points (0.2%). The euro gained 0.0010 to 1.1925 while the U.S. dollar index lost another 0.14 to 92.15. December 30-year T-Bonds were 1/32 higher at 157'01 while December gold added $0.80 to $1,345.30. Crude oil was $0.24 higher at $48.90 while Brent crude gained $0.46 to $53.84. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.