DTN Early Word Grains 10/23 06:01

DTN Early Word Grains 10/23 06:01 A Little Green to Start the Week December corn was fractionally higher, November soybeans were 1 cent higher, and December Chicago (SRW) wheat was fractionally lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally higher, November soybeans were 1 cent higher, and December Chicago (SRW) wheat was fractionally lower. CME Globex Recap: The grain and oilseed complex was mostly higher early Monday morning, led by a quiet rally in soybeans. Corn and wheat showed fractional gains, though Minneapolis spring wheat bounced 2 cents. In other news, cotton posted a strong rally on renewed commercial buying. The U.S. dollar continues to move higher on chatter from the White House on who the president's next Fed Chairman might be. The stronger dollar put pressure on gold overnight and erased most of a modest early rally in the energy complex. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 165.59 points (0.7%) higher at 23,328.63, the NASDAQ Composite gained 23.99 points (0.4%) to 6,629.05, and the S&P 500 rallied 13.11 points (0.5%) to 2,575.21 Friday. DJIA futures were 25 points higher early Monday morning. Asian markets closed mostly higher with Japan's Nikkei up 239.01 points (1.1%), Hong Kong's Hang Seng down 181.36 points (0.6%), and China's Shanghai Composite gaining 2.05 points. European markets were trading higher with London's FTSE 100 up 8.86 points (0.1%), Germany's DAX gaining 70.38 points (0.5%), and France's CAC 40 adding 34.35 points (0.6%). The euro was 0.0041 lower at 1.1741 while the U.S. dollar index gained 0.29 to 93.95. December 30-year T-Bonds were 8/32 lower at 151'30 while December gold fell $4.00 to $1,276.50. Crude oil was $0.04 higher at $51.88 while Brent crude lost $0.11 to $57.64. China's Dalian soybean futures were lower and Malaysian palm oil futures were higher overnight.