DTN Early Word Grains 08/10 05:57

DTN Early Word Grains 08/10 05:57 Grains Mixed to Weaker Wet Week Ahead December corn is steady, November soybeans are down 2 cents, and September KC wheat is down 1 1/2 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: December corn is steady, November soybeans are down 2 cents, and September KC wheat is down 1 1/2 cents. CME Globex Recap: Equities are mostly higher around the globe overnight, despite news China was imposing sanctions on 11 U.S. citizens in response to similar measures from Washington on Chinese officials. The tit for tat continues but so far hasn't interrupted Chinese purchases of U.S. farm goods. Energy markets are higher with spot crude oil up over 1.0% but still below the 200-day moving average. The U.S. Dollar Index is firmer while precious metals are higher but below last week's highs. Grain markets are mostly weaker overnight with small gains in corn the only green on the screen. Traders will be squaring positions until Wednesday, preparing for the biggest USDA data release since the end of June. Where the USDA sets the bar on the first objective production report of the season will hold large implications for the rest of 2020. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average up 46.50 at 27,433.48 and the S&P 500 up 2.12 at 3,349.16 while the 10-Year Treasury yield ended at 0.562%. Early Monday, the September DJIA futures are up 101 points. Asian markets are mixed with Japan's Nikkei 225 down 88.21 (-0.39%) and China's Shanghai Composite up 25.22 points (0.75%). European markets are higher with London's FTSE 100 up 18.38 points (0.3%), Germany's DAX up 6.21 points (0.05%) and France's CAC 40 up 16.51 points (0.34%). The September Euro is down 0.003 at 1.180 and the September U.S. dollar index is up 0.128 at 93.540. The September 30-Year T-Bond is up 5/32nds, while December gold is up $11.00 at $2,039.00 and September crude oil is up $0.56 at $41.78. Soybeans on China's Dalian Exchange were up 0.68% while soybean meal was down 0.84%.