DTN Early Word Grains 09/21 06:00

DTN Early Word Grains 09/21 06:00 TGIW: FOMC + BOJ + CL = VOL December corn was 1 cent lower, November soybeans were 4 cents lower, and December Chicago wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent lower, November soybeans were 4 cents lower, and December Chicago wheat was 2 cents lower. CME Globex Recap: Overnight trade simply set the stage for what is expected to be a volatile day Wednesday. Further economic stimulus by the Bank of Japan sparked a rally in global equity markets ahead of the Federal Reserve's announcement on interest rates early in the afternoon. Crude oil rolled higher following Tuesday's bullish technical signals while grains quietly drifted lower. DJIA futures followed the lead of overseas markets while the U.S. dollar index continues to wait on the FOMC. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 9.79 points higher at 18,129.96, the NASDAQ Composite gained 6.33 points (0.1) to 5,241.35, and the S&P 500 added 0.64 point to close at 2,139.76 Tuesday. DJIA futures were 64 points higher overnight. Asian markets were mostly higher led by a 315.47 point (1.9%) rally in Japan's Nikkei while China's Shanghai Composite gained 2.87 points (0.1%). European markets were also mostly higher with London's FTSE 100 up 24.53 points (0.4%), Germany's DAX gained 102.27 points (1.0%), and France's CAC 40 rallied 48.68 points (1.1%). The U.S. dollar index was 0.058 lower at 95.966. Crude oil rallied $0.94 to $44.99 while Brent crude gained $0.88 to $46.76. December gold was $5.60 higher at $1,323.80. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.