DTN Early Word Grains 09/26 07:42

DTN Early Word Grains 09/26 07:42 Grains Higher at Midweek Ahead of USDA, Harvest December corn was up 1/4 cent, November soybeans were up 6 cents, and December K.C. wheat was up 3 3/4 cents. Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn was up 1/4 cent, November soybeans were up 6 cents, and December K.C. wheat was up 3 3/4 cents. CME Globex Recap: Equity markets are higher Wednesday morning while forex and debt markets are mixed ahead of the conclusion of the two-day Federal Open Market Committee meeting. There is a 100% expectation the Fed raises their benchmark interest rates by 0.25 basis point. Crude is slightly weaker Wednesday but holding near four-year highs. Grains are broadly higher but still inside recent ranges ahead of more data Friday. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average down 69.84 points at 26,492.21 and the S&P 500 down 3.81 points at 2,915.56 while the 10-year Treasury yield ended at 3.096%. Early Wednesday, DJIA futures were up 45.00. Asian markets are higher with Japan's Nikkei 225 up 93.53 points (0.39%) and China's Shanghai Composite up 25.67 (0.92%). European markets are mixed with London's FTSE 100 up 0.37 points (0.00%), Germany's DAX down 12.74 points (-0.10%), and France's CAC 40 up 11.68 points (0.21%). The euro was up 0.00015 at 1.18445 and the U.S. dollar index was up 0.0200 at 94.1640. September 30-year T-Bonds were up 8/32nds while December gold was down $1.80 at $1203.30 and November crude oil was down $0.22 at $72.06 Soybeans on China's Dalian Exchange closed up 0.11% while meal was up 0.98%..