DTN Early Word Grains 10/06 05:52

DTN Early Word Grains 10/06 05:52 A Groggy Start to the Day December corn was fractionally lower, November soybeans were fractionally lower, and December Minneapolis (HRS) wheat was 3 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally lower, November soybeans were fractionally lower, and December Minneapolis (HRS) wheat was 3 cents higher. CME Globex Recap: Following Thursday's solid rally by soybeans, providing spillover support to corn, follow-through buying might have been expected overnight. And while soybeans did trade higher early, almost 2 cents, by the time Friday morning rolled around most of the grain and oilseed complex was showing small losses. Outside commodities were also in the red with light selling seen in cotton, crude oil, and gold. Financial markets were quiet, waiting for the release of September jobs data Friday morning. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 113.75 points (0.5%) higher at 22,775.39, the NASDAQ Composite gained 50.73 points (0.8%) to 6,585.36, and the S&P 500 added 14.33 points (0.6%) to 2,552.07 Thursday. DJIA futures were 11 points lower early Friday morning. Asian markets closed higher with Japan's Nikkei up 62.15 points (0.3%) and Hong Kong's Hang Seng up 78.86 points (0.3%). European markets were trading mostly mixed with London's FTSE 100 up 13.15 points (0.1%), Germany's DAX gaining 8.41 points, and France's CAC 40 off 9.53 points (0.2%). The euro was 0.0004 lower at 1.1707 while the U.S. dollar index added 0.11 to 94.03. December 30-year T-Bonds were 6/32 lower at 152'02 while December gold lost $1.90 to $1,271.30. Crude oil was $0.40 lower at $50.39 while Brent crude dipped $0.22 to $56.78. China's Dalian soybean market was closed while Malaysian palm oil futures were higher again overnight.