DTN Early Word Grains 09/29 05:57

DTN Early Word Grains 09/29 05:57 Grains Like Coffee Too December corn was 3 cents higher, November soybeans were 9 cents higher, and December Chicago wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 3 cents higher, November soybeans were 9 cents higher, and December Chicago wheat was 2 cents higher. CME Globex Recap: On International Coffee Day, it's only fitting to note that coffee futures posted a strong rally overnight. And just for this day, it can be said that the rally in coffee helped pull grain markets higher early Thursday. This despite a continued rally in the U.S. dollar index and the energy complex trading lower. Meanwhile, gold and DJIA futures were both posting small gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 110.94 points (0.6%) higher at 18,339.24, the NASDAQ Composite gained 12.84 points (0.2%) to 5,318.55, and the S&P 500 rallied 11.44 points (0.5%) to close at 2,171.37 Wednesday. DJIA futures were 10 points higher overnight. Asian markets were mostly higher with Japan's Nikkei up 228.31 points (1.4%) and China's Shanghai Composite gaining 10.63 points (0.4%). European markets were also mostly higher with London's FTSE 100 up 79.69 points (1.2%), Germany's DAX rallied 83.97 points (0.9%), and France's CAC 40 gained 55.61 points (1.3%). The U.S. dollar index was 0.119 higher at 95.550. Crude oil slipped $0.21 to $46.84 while Brent crude lost $0.37 to $48.32. December gold was $1.10 higher at $1,324.80. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.