DTN Early Word Grains 12/13 05:55

DTN Early Word Grains 12/13 05:55 Grains Flat-footed as Dollar Rebounds March corn was unchanged, January soybeans were 1 cent higher, and March Chicago wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was unchanged, January soybeans were 1 cent higher, and March Chicago wheat was 1 cent lower. CME Globex Recap: Heading into the two-day meeting of the Federal Reserve, expected to conclude early Wednesday afternoon with an announced increase in interest rates, the U.S. dollar index gained back some of Monday's loss while DJIA futures continue to storm the 20K gates. Gold was down again as crude oil remained strong overnight. Grains did nothing, with corn posting an almost non-existent trading range of 1 3/4 cents. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 39.58 points (0.2%) higher at 19,796.43. The NASDAQ Composite lost 31.96 points (0.6%) to 5,412.54, and the S&P 500 slipped 2.57 points (0.1%) to close at 2,256.96 Monday. DJIA futures were 74 points higher Tuesday morning at 19,855. Asian markets were higher with Japan's Nikkei up 95.49 points (0.5%), Hong Kong's Hang Seng Index gained 13.68 points (0.1%), while China's Shanghai Composite rallied 2.07 points (0.1%). European markets were mostly higher Tuesday with London's FTSE 100 up 33.15 points (0.5%), Germany's DAX up 97.44 points (0.9%), and France's CAC 40 gaining 37.58 points (0.8%). The U.S. dollar index was 0.190 higher at 101.110. Crude oil gained another $0.28 to $53.11 while Brent crude added $0.32 to $56.00. December gold was $6.10 lower at $1,159.70. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.