DTN Early Word Grains 10/18 08:45

DTN Early Word Grains 10/18 08:45 Another Day Lower and Deeper in Red December corn was fractionally lower, November soybeans were 1 cent lower, and December Chicago (SRW) wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally lower, November soybeans were 1 cent lower, and December Chicago (SRW) wheat was 2 cents lower. CME Globex Recap: The grain and oilseed complex was lower again Wednesday morning, with markets acting as if they were trying to drag 16 tons of number-nine coal out of the mine. However northern grain and oilseeds, most notably Minneapolis spring wheat and canola, were both showing small gains. Outside commodities were mostly mixed with cotton and metals lower while softs were higher and energies mostly higher. DJIA futures posted another strong rally, hinting at the big board moving back above 23,000. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 40.48 points (0.2%) higher at 22,997.44, after posting a new high of 23,002.20 Tuesday. The NASDAQ Composite slipped 0.35 point to 6,623.66 and the S&P 500 added 1.72 points to 2,559.36 Tuesday. DJIA futures were 44 points higher early Wednesday morning. Asian markets closed mixed with Japan's Nikkei up 26.93 points (0.1%), Hong Kong's Hang Seng gaining 14.27 points, and China's Shanghai Composite adding 9.75 points (0.3%). European markets were trading mostly higher with London's FTSE 100 up 24.71 points (0.3%), Germany's DAX gaining 74.10 points (0.6%), and France's CAC 40 rallying 27.02 points (0.5%). The euro was 0.0018 lower at 1.1748 while the U.S. dollar index gained 0.16 to 93.67. December 30-year T-Bonds were 20/32 lower at 153'14 while December gold fell another $3.90 to $1,282.30. Crude oil was $0.23 higher at $52.11 while Brent crude gained $0.53 to $58.41. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.