DTN Early Word Grains 09/18 05:48

DTN Early Word Grains 09/18 05:48 Grain Markets Higher as China Returns From Holiday December corn is up 1 3/4 cents per bushel, November soybeans are up 12 1/2 cents, December KC wheat is up 3 cents, December Chicago wheat is up 2 3/4 cents and December Minneapolis wheat is up 1 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 3/4 cents per bushel, November soybeans are up 12 1/2 cents, December KC wheat is up 3 cents, December Chicago wheat is up 2 3/4 cents and December Minneapolis wheat is up 1 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed but mostly lower as all eyes are on the decision from the Federal Reserve which will be announced at 1 p.m. CDT Wednesday. Traders still seem to be mixed on whether the rate cut will be 25 or 50 basis points. Tuesday's data was mostly better than expected, but not by significant amounts. The retail sales report was the strongest report released Tuesday, with sales up 0.1% compared to expectations at -0.2%. It seems as if consensus Tuesday was moving toward a 25-basis point cut, but the market will be wanting dovish comments from Chairman Powell should that be the decision. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average down 15.90 at 41,606.18 and the S&P 500 up 1.49 at 5,634.58. The 10-Year Treasury yield ended at 3.642%. Early Wednesday, the September Dow Jones Futures are up 63 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.7%, spot futures of Germany's DAX is trading down 0.06% and the spot futures of France's CAC 40 Index down 0.27%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.27% and China's Shanghai Composite Index up 0.17%.