DTN Early Word Grains 09/06 06:00

DTN Early Word Grains 09/06 06:00 Row Crops Higher, Wheat Lower Ahead of Export Sales December corn is up 1 cent per bushel, November soybeans are up 2 3/4 cents, and December K.C. wheat is down 1 1/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is up 1 cent per bushel, November soybeans are up 2 3/4 cents, and December K.C. wheat is down 1 1/4 cents. CME Globex Recap: Mixed equity trade as the U.S. prepares for its first big economic report of the month. The average trade estimate for the August payroll report is 160,000 jobs added which would be just below July's 164,000 jobs added. The last three months have witnessed average job growth of 140,000, which is down from prior months as investors worry businesses have cooled hiring on fears of an economic slowdown. Today's unemployment rate is expected to hold steady at 3.7% for the third consecutive month. Grains are mixed to higher to close the week, buoyed by bottom-pickers stepping in near contract lows. Fortunately, forecasts continue to promote a frost-free September with some even going as far as predicting no frost through the first week of October. The Northern Plains have never seen a year that didn't feature a frost/freeze by October 17-25, so hoping for that date or later without an end to the growing season would seem overly optimistic. That said, if this crop can get to mid-October without a killing freeze, close to full potential could be reached on the yield front. Producer selling has gone quiet, raising the question of whether price or the calendar causes selling first? OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 372.68 at 26,728.15 and the S&P 500 up 38.22 at 2,937.78 while the 10-Year Treasury yield ended at 1.565%. Early Friday, the September DJIA futures are up 82 points. Asian markets are higher with Japan's Nikkei 225 up 113.63 (0.54%) and China's Shanghai Composite up 13.74 points (0.46%). European markets are higher with London's FTSE 100 down 1.75 points (-0.02%), Germany's DAX up 18.89 points (0.16%) and France's CAC 40 up 3.91 points (0.07%). The September Euro is down 0.000 at 1.100 and the September U.S. dollar index is up 0.008 at 98.390. The December 30-Year T-Bond is down 16/32nds, while December gold is down $10.90 at $1,514.60 and October crude oil is down $0.08 at $56.22. Soybeans on China's Dalian Exchange were down 1.94% while soybean meal was down 2.23%.