DTN Early Word Grains 08/02 05:59

DTN Early Word Grains 08/02 05:59 Not Much Change Early Tuesday December corn was fractionally lower, November soybeans were 3 cents lower, and September Chicago wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally lower, November soybeans were 3 cents lower, and September Chicago wheat was 2 cents higher. CME Globex Recap: Corn and wheat markets found light buying interest overnight, supported in part by renewed selling in the U.S. dollar index. The latter was due to another stimulus attempt by the Bank of Japan that sparked renewed buying interest in the yen. Soybeans, though, continued Monday's sell-off with the November contract falling as much as 6 cents during the overnight session. Outside commodities were higher, also supported by thee lower U.S. dollar while DJIA futures were lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 27.73 points lower at 18,404.51 the NASDAQ Composite gained 22.07 points to 5,184.20, and the S&P 500 fell 2.76 points to close at 2,170.84 Monday. DJIA futures were 23 points lower overnight. Asian markets were mostly lower with Japan's Nikkei down 244.32 points (1.5%) and China's Shanghai Composite up 17.89 points (0.6%). European markets were lower with London's FTSE 100 down 36.95 points (0.6%), Germany's DAX was 139.32 points (1.4%) lower, and France's CAC 40 fell 64.29 points (1.5%). The U.S. dollar index fell 0.284 to 95.429. Crude oil rallied $0.36 to $40.42 while Brent crude was $0.46 higher at $42.60. December gold was $6.00 higher at $1,365.60. China's Dalian soybean futures were lower while Malaysian palm oil futures were higher overnight.