DTN Early Word Grains 09/16 05:55

DTN Early Word Grains 09/16 05:55 Grain Markets Lower, Consolidating Recent Gains December corn is down 2 cents per bushel, November soybeans are steady, December KC wheat is down 8 cents, December Chicago wheat is down 6 3/4 cents and December Minneapolis wheat is down 8 1/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 2 cents per bushel, November soybeans are steady, December KC wheat is down 8 cents, December Chicago wheat is down 6 3/4 cents and December Minneapolis wheat is down 8 1/4 cents. CME GLOBEX RECAP: World equity markets are mixed Monday morning, after a strong week in which U.S. futures managed to regain most of the losses that were experienced earlier in the month. Traders are looking ahead to the Federal Reserve meeting this week, in which a rate cut is going to occur. Traders currently have a 50-50 chance for that cut to be either 25 or 50 basis points. In addition to the Fed meeting, traders will see the Empire State manufacturing survey on Monday, U.S. retail sales, industrial production, and business inventories on Tuesday, housing starts and building permits on Wednesday, and jobless claims and leading economic indicators on Thursday. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 297.01 at 41,393.78 and the S&P 500 up 30.26 at 5,626.02. The 10-Year Treasury yield ended at 3.65%. Early Monday, the September Dow Jones Futures are up 77 points. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.04%, spot futures of Germany's DAX is trading down 0.24% and the spot futures of France's CAC 40 Index up 0.04%. Asian markets are lower with Japan's Nikkei 225 Index down 0.68% and China's Shanghai Composite Index down 0.48%.