DTN Early Word Grains 08/30 06:07

DTN Early Word Grains 08/30 06:07 Row Crops Higher, Wheat Mixed as August Bids Farewell December corn is up 2 1/2 cents per bushel, November soybeans are up 8 cents, and December KC wheat is up 1/2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is up 2 1/2 cents per bushel, November soybeans are up 8 cents, and December KC wheat is up 1/2 cents. CME Globex Recap: Equity markets were mostly higher overnight as trade war optimism reigns with President Trump telling the media on Thursday that further talks with Chinese officials were planned without giving specifics. In addition, U.K. Prime Minister Boris Johnson said he would step up talks with the European Union in coming weeks, giving investors hope the U.K. will not crash out of the EU in a hard "brexit." President Trump's tweets about farmers and biofuels were the rage Thursday, even if nothing concrete was actually shared with the market. Producers and traders alike are just as interested to see what sort of changes the administration may have made for refiners as mentioned in the tweet string. Otherwise, traders are focused on weather forecasts with updated maps on Labor Day offering a glimpse out to the end of September. If this crop can get through the month of September without an early end to the growing season, it greatly improves the odds for hitting current USDA yield objectives. If the crops cannot get through September without a frost, production will need to be cut. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 326.15 at 26,362.25 and the S&P 500 up 36.64 at 2,887.94 while the 10-year Treasury yield ended at 1.516%. Early Friday, the September DJIA futures are up 166 points. Asian markets are mixed with Japan's Nikkei 225 up 243.44 (1.19%) and China's Shanghai Composite down 4.68 points (-0.16%). European markets are higher with London's FTSE 100 0.67 31.55 points (0.44%), Germany's DAX up 125.47 points (1.06%) and France's CAC 40 up 52.54 points (0.96%). The September euro is down 0.001 at 1.110 and the September U.S. dollar index is up 0.020 at 98.475. The September 30-year T-Bond is down 8/32nds, while December gold is down $2.20 at $1,534.70 and October crude oil is down $0.56 at $56.15. Soybeans on China's Dalian Exchange were down 0.17% while soybean meal was down 0.17%.