DTN Early Word Grains 10/26 05:54

DTN Early Word Grains 10/26 05:54 Grains Pull Back Early Tuesday December corn is down 1 3/4 cents, November soybeans are down 2 cents and December KC wheat is down 5 3/4 cents. Todd Hultman DTN Lead Analyst Pre-6 a.m. CDT prices, CME Globex: December corn is down 1 3/4 cents, November soybeans are down 2 cents and December KC wheat is down 5 3/4 cents. CME GLOBEX RECAP: Early Tuesday, Dow Jones futures are trading higher, in line with European markets. Several big earnings reports are due out later Tuesday, including Microsoft and Google. Tuesday morning, there will be reports on new home sales and consumer confidence. Most energy prices are starting lower, but December natural gas is up 5 cents. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 64.13 at 35,741.15 and the S&P 500 up 21.58 at 4,566.48 as the 10-Year Treasury yield ended at 1.6%3. Early Tuesday, December Dow Jones futures are trading up 114 points. Asian markets are mixed with Japan's Nikkei 225 index up 1.77% and China's Shanghai Composite Index down 0.34%. European markets are higher with the spot futures of the London FTSE 100 trading up 0.60%, spot futures of Germany's DAX trading up 0.90% and spot futures of France's CAC Index trading up 0.66%. The December euro is down $0.0005 at $1.1619. The December U.S. Dollar Index is up 0.05 at 93.86. The December 30-year T-bond is up 11/32nds, while December gold is down $3.10 at $1,803.70 and December crude oil is down $0.56 at $83.20. On China's Dalian exchange, January corn was up 1.4%, November soybeans were up 0.0%, January soybean meal was down 0.7% and January soybean oil was up 1.2%. September common wheat on China's Zhengzhou exchange was unchanged. January Malaysian palm oil is up 0.9%.