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DTN Early Word Grains 09/11 05:54

11 Sep 2017
DTN Early Word Grains 09/11 05:54 A Mixed Bag to Start Report Week December corn was 1 cent lower, November soybeans were 1 cent higher, and December Chicago (SRW) wheat was 4 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent lower, November soybeans were 1 cent higher, and December Chicago (SRW) wheat was 4 cents lower. CME Globex Recap: The grain and oilseed complex wasn't as much mixed as it was mostly lower early Monday with corn, wheat, bean meal, and bean oil all fading during the overnight session. Soybeans continued to show a small gain on light support from increased concern over crop damage after Hurricane Irma made landfall on the western side of Florida. Outside markets were also mostly lower with the hardest hit being cotton. Gold was lower and energies were mixed as the U.S. dollar index posted a small rally and DJIA futures showed a strong triple-digit gain. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 13.01 points higher at 21,797.79, the NASDAQ Composite lost 37.68 points (0.6%) to 6,360.19, and the S&P 500 dipped 3.67 points (0.1%) to 2,461.43 Friday. DJIA futures were 120 points higher early Monday morning. Asian markets closed higher with Japan's Nikkei up 270.95 points (1.4%), Hong Kong's Hang Seng rallying 286.66 points (1.0%), and China's Shanghai Composite gaining 11.18 points (0.3%). European markets were trading higher with London's FTSE 100 up 53.01 points (0.7%), Germany's DAX gaining 139.28 points (1.1%), and France's CAC 40 rallying 64.06 points (1.2%). The euro fell 0.0016 to 1.2020 while the U.S. dollar index added 0.13 to 91.46. December 30-year T-Bonds were 14/32 lower at 156'27 while December gold lost $8.50 to $1,342.70. Crude oil was $0.26 higher at $47.74 while Brent crude lost $0.29 to $53.49. China's Dalian soybean futures were lower and Malaysian palm oil futures were higher overnight.