DTN Early Word Grains 09/06 05:59

DTN Early Word Grains 09/06 05:59 Mixed Trade in Grains as Fall Approaches PRE-6 a.m. GLOBEX PRICES: December corn is up 1 cent per bushel, November soybeans are down 10 cents, and December KC wheat is up 1/4 cent. Tregg Cronin DTN Contributing Analyst PRE-6 a.m. GLOBEX PRICES: December corn is up 1 cent per bushel, November soybeans are down 10 cents, and December KC wheat is up 1/4 cent. CME GLOBEX RECAP: Mostly higher equity trade overnight, which is especially surprising across Europe where the decision by Russia to halt natural gas flows is being taken in stride. Energy prices began trade Monday evening higher but have since turned lower with Brent crude oil prices off by almost 3% Tuesday morning. U.S. natural gas prices are also off more than 2% after trading to multi-year highs two weeks ago. The U.S. Dollar Index is firmer overnight but below the highs set last Thursday. The greenback should continue to be looked at as a safe haven given the economic malaise across Europe, especially if governments around the globe decide to keep fighting inflation by printing more money. Metals are mostly firmer overnight with copper and silver up and gold down. Grains are mixed overnight but well off the highs set Monday evening. Harvest is drawing closer, but headlines and energy prices are still big factors in day-to-day price action. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average down 337.98 at 31,318.44 and the S&P 500 down 42.59 at 3,966.85 while the 10-Year Treasury yield ended at 3.193%. Early Tuesday, the September DJIA futures are up 226 points. Asian markets are higher with Japan's Nikkei 225 up 6.9 (0.02%) and China's Shanghai Composite up 43.53 points (1.36%). European markets are higher with London's FTSE 100 up 13.93 points (0.19%), Germany's DAX up 148.89 points (1.17%) and France's CAC 40 up 25.08 points (0.41%). The September Euro is down 0.004 at 0.990 and the September U.S. Dollar Index is up 0.160 at 109.670. The December 30-Year T-Bond is down 20/32nds, while December gold is down $0.40 at $1,722.20 and October crude oil is down $0.48 at $86.39. Corn on China's Dalian Exchange was up 0.66% while soybeans were up 0.28% and soybean meal was up 0.31%.