DTN Early Word Grains 09/03 05:52

DTN Early Word Grains 09/03 05:52 Grains Mixed to Lower to Begin September December corn is down 1/2 cents per bushel, November soybeans are down 1 1/4 cents, and December KC wheat is up 2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is down 1/2 cents per bushel, November soybeans are down 1 1/4 cents, and December KC wheat is up 2 cents. CME Globex Recap: A mostly negative weekend news flow has equity markets softer around the globe Tuesday morning. China and the United States are having difficulty agreeing on a schedule for the next round of trade talks later this month after the latest round of U.S. tariffs were implemented. In addition, Argentina slapped currency controls on the peso to prevent further capital flight after it lost a third of its value following primary elections in August. British pound futures took out their 2016 Brexit lows to trade to the lowest level since 1985 as investors brace for parliament to be suspended and a "hard Brexit" becomes a reality. Grains are quietly weaker as traders find their way to desks following the Labor Day holiday. There are no frost threats for September, which is probably the most important headline from the weekend. Trade talks do not look any more optimistic Tuesday than they did going home Friday, so status quo on that front. Still plenty of concerns about Midwest crops reaching full potential given the calendar as well as what kind of quality concerns could accompany corn and soybeans following an early October freeze. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average up 41.03 at 26,403.28 and the S&P 500 up 1.88 at 2,924.58 while the 10-year Treasury yield ended at 1.506%. Early Tuesday, the September DJIA futures are down 214 points. Asian markets are higher with Japan's Nikkei 225 up 4.97 (0.02%) and China's Shanghai Composite up 6.05 points (0.21%). European markets are lower with London's FTSE 100 down 0.84 points (0.01%), Germany's DAX down 32.86 points (0.27%) and France's CAC 40 down 22.82 points (0.42%). The September euro is down 0.004 at 1.100 and the September U.S. dollar index is up 0.365 at 99.225. The December 30-year T-Bond is up 21/32nds, while December gold is up $11.80 at $1,541.20 and October crude oil is down $0.82 at $54.28. Soybeans on China's Dalian Exchange were down 0.2% while soybean meal was up 0.43%.