DTN Early Word Grains 08/04 05:56

DTN Early Word Grains 08/04 05:56 "Fidelity Fiduciary Bank" December corn was unchanged, November soybeans were 9 cents higher, and September Chicago wheat was 4 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was unchanged, November soybeans were 9 cents higher, and September Chicago wheat was 4 cents higher. CME Globex Recap: It would not be surprising if global currency traders are walking around humming the ditty from "Mary Poppins" used as the title of this piece today. Debate early Thursday is whether or not the Bank of England will lower interest rates, though as pointed out by some analysts the continued weakness of the British pound has already done some of the BOE's easing work. The U.S. dollar index was higher again overnight, putting renewed pressure on energies and metals. Grains were mostly higher, though corn was struggling to hold above unchanged. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 41.23 points higher at 18,355.00, the NASDAQ Composite gained 22.01 points to 5,159.74, and the S&P 500 rallied 6.76 points to close at 2,163.79 Wednesday. DJIA futures were 2 points higher overnight. Asian markets were higher with Japan's Nikkei up 171.78 points (1.1%) and China's Shanghai Composite rallied 3.97 points (0.1%). European markets were also higher ahead of the BOE's expected rate cut with London's FTSE 100 up 6.36 points (0.1%), Germany's DAX rallied 80.35 points (0.8%), and France's CAC 40 gained 16.32 points (0.4%). The U.S. dollar index rallied 0.091 to 95.654. Crude oil fell $0.36 to $40.47 while Brent crude was $0.55 lower at $42.55. December gold was $7.00 lower at $1,357.70. China's Dalian soybean futures were mixed while Malaysian palm oil futures were higher again overnight.