DTN Early Word Grains 08/28 05:55

DTN Early Word Grains 08/28 05:55 Wheat Stages Recovery, Row Crops Chop December corn was up 0.50c, November soybeans were down 1.25c, and December K.C. wheat was up 3.75c. Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn was up 0.50c, November soybeans were down 1.25c, and December K.C. wheat was up 3.75c. CME Globex Recap: Global equity markets are mostly better overnight as spillover support from the US and a breakthrough between Mexico and the United States on trade appears to be happening. Still nothing to speak of on the US/China trade front. The USD has slipped back below its 100 and 200-day moving averages with the 50-day just below at 92.69. Most commodities, including the energy sector are firmer on the forex weakness. Grains are clinging to small gains this morning but the calendar flipping to September will only bring more seasonal weakness. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average up 259.29 points at 26,049.64 and the S&P 500 up 22.05 points at 2,896.74 while the 10-year Treasury yield ended at 2.851%. Early Tuesday, DJIA futures were up 2.75 points. Asian markets are mostly higher with Japan's Nikkei 225 up 13.83 (0.06%) and China's Shanghai Composite down 2.92 (-0.11%). European markets are higher with London's FTSE 100 up 27.48 points (0.36%), Germany's DAX up 23.08 points (0.18%), and France's CAC 40 up 7.66 points (0.14%). The euro was up 0.00205 at 1.17165 and the U.S. dollar index was down 0.0760 at 94.6820. September 30-year T-Bonds were down 3/32nds while December gold was up $3.50 at $1219.50 and October crude oil was up $0.15 at $69.02. Soybeans on China's Dalian Exchange closed up 0.37%.