DTN Early Word Grains 08/25 05:56

DTN Early Word Grains 08/25 05:56 Turnaround to the Nth Degree December corn was 4 cents higher, November soybeans were 13 cents higher, and December Chicago wheat was 5 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 4 cents higher, November soybeans were 13 cents higher, and December Chicago wheat was 5 cents higher. CME Globex Recap: Global markets stabilized overnight, generally speaking, with one of the more notable being a 486 point rally in Dow Jones futures. The U.S. dollar index also rallied, up about 0.430 through early Tuesday morning. For the most, market sectors are looking at a widespread Turnaround Tuesday with crude oil up $1.20 and gold down $3.90. Grains were higher, with corn and wheat following through on Monday's rallies. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 588.40 points lower Monday at 15,871.35. Asian markets were mixed though the Nikkei was down 733.98 points (4%) at 17,806.79 and China's Shanghai Composite was down 88.25 points (1%). European markets were mostly higher. The U.S. dollar index was 0.387 higher at 93.726. Crude oil was $1.16 higher at $39.40 while Brent crude was $1.30 higher at $43.99. December gold was $3.30 lower at $1,150.30. Soybeans at the Dalian Exchange and Malaysian palm oil futures were lower again.