DTN Early Word Grains 08/22 05:57

DTN Early Word Grains 08/22 05:57 Grains Slightly Higher as Rain Falls December corn is up 1/2 cent, November soybeans are up 1 cent and December KC wheat is up 1 3/4 cents. By Todd Hultman DTN Lead Analyst 6:00 a.m. CME Globex: December corn is up 1/2 cent, November soybeans are up 1 cent and December KC wheat is up 1 3/4 cents. CME Globex Recap: U.S. stock futures and European stock markets are lower early Thursday with China still talking about retaliating to new U.S. tariffs, set to take place on September 1. Wednesday's minutes from the latest Fed meeting showed two members dissented, favoring no rate cut on July 31. Outside of grains, most commodities are trading higher early Thursday. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 240.29 at 26,202.73 and the S&P 500 up 23.92 at 2,924.43 while the 10-Year Treasury yield ended at 1.58%. Early Thursday, the September DJIA futures are down 42 points. Asian markets are higher with Japan's Nikkei 225 up 13.16 (0.06%) and China's Shanghai Composite up 8.03 points (0.29%). European markets are modestly lower with London's FTSE 100 down 48.60 points (-0.67%), Germany's DAX down 38.50 points (-0.33%) and France's CAC 40 down 28.99 points (-0.53%). The September euro is down $.001 at $1.11. The September U.S. dollar index is up 0.04 at 98.22. The September 30-year T-bond is down 2/32nds, while December gold is down $8.00 at $1,507.70 and October crude oil is up $0.38 at $56.06. Soybeans are slightly lower and meal is modestly higher on China's Dalian Exchange. November palm oil is up 2.1% at a new five-month high.