DTN Early Word Grains 09/18 05:56

DTN Early Word Grains 09/18 05:56 Row Crops Start Lower After New Tariffs Announced December corn was down 3/4 cent, November soybeans were down 3 1/2 cents, and December K.C. wheat was down 1 3/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was down 3/4 cent, November soybeans were down 3 1/2 cents, and December K.C. wheat was down 1 3/4 cents. CME Globex Recap: Major stock markets are higher in spite of a new round of 10% U.S. tariffs against $200 billion of Chinese goods which are set to go to 25% by the end of this year. Outside commodities are mixed and row crops are lower, enduring steady bearish pressure as harvest season is underway. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average down 92.55 points at 26,062.12 and the S&P 500 down 16.18 points at 2,888.80 while the 10-year Treasury yield ended at 3.00%. Early Tuesday, DJIA futures were up 55 points. Asian markets are higher with Japan's Nikkei 225 up 325.87 (1.4%) and China's Shanghai Composite up 48.16 (1.8%). European markets are higher with London's FTSE 100 up 11.52 points (0.2%), Germany's DAX up 55.37 points (0.5%), and France's CAC 40 up 27.98 points (0.5%). The euro was down .0004 and the U.S. dollar index was up 0.04 at 94.54. December 30-year T-Bonds were up 1/32nd while December gold was down $1.70 at $1,204.10 and November crude oil was up $0.99 at $69.67. Soybeans on China's Dalian Exchange were moderately higher and Malaysian palm oil futures were down 2.0%.