DTN Early Word Grains 10/26 05:58

DTN Early Word Grains 10/26 05:58 Grains Can't Hold Early Overnight Gains December corn was fractionally lower, November soybeans were fractionally 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 lower, November soybeans were fractionally higher, and December Chicago (SRW) wheat was fractionally lower. CME Globex Recap: Like the Los Angeles Dodgers in Game 2 of the World Series Wednesday night, grains couldn't hold an early lead (rally). Early Thursday morning finds the grain and oilseed complex trading mostly lower though with corn, wheat and soybean meal showing small losses while oats, rice, soybeans and bean oil were slightly higher. Other commodities were equally mixed with softs mostly higher, energies mostly lower and metals mixed. The U.S. dollar index was posting a small gain, DJIA a small loss to start the day. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 112.30 points (0.5%) lower at 23,329.46, the NASDAQ Composite lost 34.54 points (0.5%) to 6,563.89, and the S&P 500 fell 11.98 points (0.5%) to 2,557.15 Wednesday. DJIA futures were 1 point lower early Thursday morning. Asian markets closed mixed with Japan's Nikkei 225 up 32.16 points (0.1%), Hong Kong's Hang Seng down 100.51 points (0.4%), and China's Shanghai Composite gaining 10.67 points (0.3%). European markets were trading mostly higher with London's FTSE 100 gaining 25.47 points (0.3%), Germany's DAX up 32.39 points (0.3%) and France's CAC 40 adding 16.44 points (0.3%). The euro was 0.0001 higher at 1.1814 while the U.S. dollar index added 0.06 to 93.69. December 30-year T-Bonds were 12/32 higher at 151'09 while December gold gained $0.80 to $1,279.80. Crude oil was $0.09 higher at $52.27 while Brent crude was up $0.01 at $58.45. China's Dalian soybean futures were lower and Malaysian palm oil futures were higher overnight.