DTN Early Word Grains 09/12 05:56

DTN Early Word Grains 09/12 05:56 Some Gotta Win, Some Gotta Lose December corn was 2 cents lower, November soybeans were 2 cents lower, and December Chicago (SRW) wheat was 1 cent 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 1 cent lower. CME Globex Recap: Commodities in general were lower early Tuesday morning, possibly pressured by residual selling tied to Monday's strong rally by the U.S. dollar index. The grain and oilseed complex was quiet overnight, as one would expect, ahead of Tuesday's round of USDA monthly Crop Production and Supply and Demand reports set for release at 11 am (CT). OUTSIDE MARKETS: The Dow Jones Industrial Average closed 259.58 points (1.2%) higher at 22,057.37, the NASDAQ Composite gained 72.07 points (1.1%) to 6,432.26, and the S&P 500 rallied 26.68 points (1.1%) to 2,488.11 Monday. DJIA futures were 38 points higher early Tuesday morning. Asian markets closed higher with Japan's Nikkei up 230.85 points (1.2%), Hong Kong's Hang Seng rallying 17.11 points, and China's Shanghai Composite adding 3.07 points (0.1%). European markets were trading mostly higher with London's FTSE 100 off 12.33 points (0.2%), Germany's DAX gaining 70.17 points (0.6%), and France's CAC 40 rallying 25.72 points (0.5%). The euro gained 0.0009 to 1.1962 while the U.S. dollar index dipped 0.05 to 91.85. December 30-year T-Bonds were 13/32 lower at 155'19 while December gold lost $5.00 to $1,330.70. Crude oil was $0.21 lower at $47.86 while Brent crude lost $0.12 to $53.72. China's Dalian soybean futures were slightly higher and Malaysian palm oil futures were higher overnight.