DTN Early Word Grains 07/22 05:57

DTN Early Word Grains 07/22 05:57 It's Raining Again... December corn was 2 cents lower, November soybeans were 19 cents lower, and September Chicago wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 2 cents lower, November soybeans were 19 cents lower, and September Chicago wheat was 2 cents lower. CME Globex Recap: More rain over the 3-I states overnight into Friday morning had grains on the defensive -- again -- with soybeans posting strong double-digit losses. Outside markets were mostly lower with metals falling and energies mixed. The U.S. dollar index and DJIA futures were both higher early. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 77.80 points lower at 18,517.23, the NASDAQ Composite lost 16.03 points to 5,073.90 and the S&P 500 fell 7.85 points to close at 2,165.17 Thursday. DJIA futures were 28 points higher overnight. Asian markets were mostly lower with Japan's Nikkei down 182.97 points (1.1%) while China's Shanghai Composite lost 26.19 points (0.9%). European markets were also mostly lower with London's FTSE 100 up 9.89 points (0.1%), Germany's DAX was 21.21 points (0.2%) lower, and France's CAC 40 lost 2.72 points. The U.S. dollar index rallied 0.144 to 97.114. Crude oil dipped $0.07 to $44.68 while Brent crude gained $0.06 to $46.26. August gold was $9.00 lower at $1,322.00. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.