DTN Early Word Grains 08/19 07:59

DTN Early Word Grains 08/19 07:59 Grain Markets Mixed With Corn, Soybeans Trying to Bounce From Contract Lows December corn is up 2 cents per bushel, November soybeans are up 5 1/4 cents, September KC wheat is down 2 3/4 cents, September Chicago wheat is down 5 3/4 cents and December Minneapolis wheat is down 2 1/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 2 cents per bushel, November soybeans are up 5 1/4 cents, September KC wheat is down 2 3/4 cents, September Chicago wheat is down 5 3/4 cents and December Minneapolis wheat is down 2 1/4 cents. CME GLOBEX RECAP: World equity markets are mixed Monday morning after good closes in the U.S. on Friday and a weekly close that nearly recaptured all the losses from the three-day meltdown that occurred the first three days in August. The major focus of the market this week will be the conference in Jackson Hole where Fed Chairman Powell will be speaking on Friday. Traders will be looking for clues that would confirm the Fed's intention to lower rates in September, and more importantly, whether that cut would be 1/4 point or a 1/2 point. Other economic data will include U.S. leading indicators that will be released on Monday, initial jobless claims and S&P flash PMI's on Thursday, and new home sales on Friday. In agriculture, in addition to the regular weekly reports, we will get a cold storage report and cattle on feed report this upcoming Friday. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 96.70 at 40,659.76 and the S&P 500 up 11.03 at 5,554.25. The 10-Year Treasury yield ended at 3.89%. Early Monday, the September Dow Jones Futures are up 13 points. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.1%, spot futures of Germany's DAX is trading up 0.11% and the spot futures of France's CAC 40 Index up 0.38%. Asian markets are mixed with Japan's Nikkei 225 Index down 1.77% and China's Shanghai Composite Index up 0.49%.