DTN Early Word Grains 09/01 05:33

DTN Early Word Grains 09/01 05:33 Grains Mixed to Weaker at Midweek December corn is down 3 3/4 cents per bushel, November soybeans are down 7 1/4 cents, and December KC wheat is up 2 1/4 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: December corn is down 3 3/4 cents per bushel, November soybeans are down 7 1/4 cents, and December KC wheat is up 2 1/4 cents. CME Globex Recap: Equity futures around the globe were higher overnight with U.S. futures looking to open higher Wednesday morning. It looks increasingly likely U.S. stocks will set another new record high when cash opens later Wednesday. One interesting note pointed out on social media the previous day was the divergence between U.S. and Chinese tech stocks, due in part to the Chinese government's crackdown on the country's tech sector. It begs the question of whether U.S. stocks can continue to divorce themselves from the tech sector in the second largest economy in the world? Energy markets were mostly firmer overnight with the exception of RBOB gasoline futures. The U.S. Dollar Index was firmer overnight, continuing to find support at the 50-day moving average. Metals are weaker across the board with copper down nearly 2.0% overnight. Grain markets are mixed with row crops and products lower while wheat continues to find support on corrections. The logistical mess in the Gulf is much more pressing to row crops, and especially soybeans, than it is to wheat. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average down 39.11 at 35,360.73 and the S&P 500 down 6.11 at 4,528.79 while the 10-year Treasury yield ended at 1.304%. Early Wednesday, the September DJIA futures are up 129 points. Asian markets are higher with Japan's Nikkei 225 up 361.48 (1.29%) and China's Shanghai Composite up 23.16 points (0.65%). European markets are higher with London's FTSE 100 up 63.65 points (0.89%), Germany's DAX up 79.26 points (0.5%) and France's CAC 40 up 72.34 points (1.08%). The September euro is up 0.000 at 1.180 and the September U.S. Dollar Index is up 0.050 at 92.685. The September 30-year T-Bond is down 3/32nds, while December gold is down $2.50 at $1,815.60 and October crude oil is up $0.11 at $68.61. Soybeans on China's Dalian Exchange were down 0.09% while soybean meal was down 0.16% and corn was down 0.25%.