DTN Early Word Grains 12/16 05:57

DTN Early Word Grains 12/16 05:57 Decision Day at the Fed March corn was fractionally lower, January soybeans were 1 cent higher, and March Chicago wheat was fractionally higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally lower, January soybeans were 1 cent higher, and March Chicago wheat was fractionally higher. CME Globex Recap: Markets in general are mixed early Wednesday as traders await the 1 pm (CT) announcement on interest rates from the Federal Reserve. The U.S. dollar index was near unchanged and DJIA futures were implying a triple-digit higher open by the Dow. Grains were mostly higher while metals were higher. Other news overnight saw U.S. House Republicans file a funding bill that included a provision to lift the ban on crude oil exports. In response, overnight trade in crude oil erased some of Tuesday's gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 156.41 points higher Tuesday at 17,524.91. The NASDAQ Composite was up 43.13 points at 4,995.36. DJIA futures were 94 points higher overnight. Asian markets were higher with the Nikkei up 484.01 points at 19,049.91 and China's Shanghai Composite rallying 5.83 points. European markets were also higher. The U.S. dollar index was down 0.025 at 98.192. Crude oil was $0.27 lower at $37.08 while Brent crude was $1.03 lower at $37.42. February gold was $2.10 higher at $1,063.70. Dalian soybean futures were higher and Malaysian palm oil futures were lower.