DTN Early Word Grains 08/17 06:00

DTN Early Word Grains 08/17 06:00 Newsflash: Grains Quiet on a Wednesday Morning December corn was fractionally higher, November soybeans were 2 cents higher, and December Chicago wheat was fractionally lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally higher, November soybeans were 2 cents higher, and December Chicago wheat was fractionally lower. CME Globex Recap: Tuesday saw a number of Federal Reserve members make hawkish comments about "possible" interest rate hike(s) through the rest of 2016. This has helped the U.S. dollar index rally about 0.650 from its Tuesday low, but still down roughly 0.775 for the week. Outside commodities were under pressure early Wednesday with gold off $9.10 and crude down almost $0.50. Regarding the latter, crude looks to be nearing the end of its short-term uptrend. As for grains, soybeans were soybeans were supported by strong gains in global oilseeds while corn and wheat were near unchanged. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 84.03 points lower at 18,552.02, the NASDAQ Composite lost 34.91 points to 5,227.11, and the S&P 500 fell 12.00 points to close at 2,178.15 Tuesday. DJIA futures dipped 13 points overnight. Asian markets were mixed with Japan's Nikkei up 149.13 points (0.9%) while China's Shanghai Composite dipped 0.48 point. European markets were mostly lower with London's FTSE 100 down 2.04 points, Germany's DAX lost 80.71 points (0.8%), and France's CAC 40 fell 22.15 points (0.5%). The U.S. dollar index was 0.164 higher to 94.955. Crude oil lost $0.47 to $46.11 while Brent crude was $0.50 lower at $48.73. December gold was $9.50 lower at $1,347.40. China's Dalian soybean futures and Malaysian palm oil futures were both higher overnight.