DTN Early Word Grains 08/15 05:55

DTN Early Word Grains 08/15 05:55 Grains Lower With Rain on the Way December corn was down 2 cents, November soybeans were down 6 1/2 cents, and September Chicago wheat was down 5 3/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was down 2 cents, November soybeans were down 6 1/2 cents, and September Chicago wheat was down 5 3/4 cents. CME Globex Recap: Major stock markets are mostly lower early Wednesday and commodities are nearly all lower as one of the few consistent themes this summer has been the expectation of higher interest rates. The grain sector is lower with widespread rains expected over the eastern two-thirds of the U.S. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average down 125.44 points at 25,187.70 and the S&P 500 down 11.35 points at 2,821.93 while the 10-year Treasury yield ended at 2.88%. Early Wednesday, DJIA futures were down 112 points. Asian markets are lower with Japan's Nikkei 225 down 151.86 (-0.7%) and China's Shanghai Composite down57.71 (-2.1%). European markets are lightly lower with London's FTSE 100 down 24.94 points (-0.3%), Germany's DAX up 8.61 points (0.1%), and France's CAC 40 down 5.92 points (-0.1%). The euro was down .0015 and the U.S. dollar index was up 0.17 at 96.83. September 30-year T-Bonds were up 7/32nds while December gold was down $7.70 at $1,193.00 and September crude oil was down $0.98 at $66.06. Soybeans on China's Dalian Exchange were a little higher and Malaysian palm oil futures were down 0.8%.