DTN Early Word Grains 09/22 05:55

DTN Early Word Grains 09/22 05:55 Dulled Senses Lead to Delayed Reaction December corn was fractionally lower, November soybeans were 1 cent higher, and December Chicago wheat was unchanged. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally lower, November soybeans were 1 cent higher, and December Chicago wheat was unchanged. CME Globex Recap: The U.S. dollar index was slow to react Wednesday to the Federal Reserve holding interest rates unchanged. However, it did finally weaken and carried that momentum overnight into Thursday morning. Crude oil and gold extended their recent rallies, pulling grains and softs higher as well. DJIA futures also showed gains, hinting at possible new highs for U.S. equity indexes Thursday. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 163.74 points (0.9%) higher at 18,293.70, the NASDAQ Composite gained 58.83 points (1.0%) to 5,241.35 (a new all-time high close), and the S&P 500 rallied 23.36 points (1.1%) to close at 2,163.12 Wednesday. DJIA futures were 50 points higher overnight. Asian markets were higher with China's Shanghai Composite up 16.44 points (0.5%). European markets were also higher with London's FTSE 100 up 72.46 points (1.0%), Germany's DAX gained 198.52 points (1.9%), and France's CAC 40 rallied 80.20 points (1.8%). The U.S. dollar index was 0.387 lower at 95.273. Crude oil rallied $0.46 to $45.80 while Brent crude gained $0.42 to $47.25. December gold was $5.00 higher at $1,336.40. China's Dalian soybean futures were lower while Malaysian palm oil futures were higher overnight.