DTN Early Word Grains 09/28 07:47

DTN Early Word Grains 09/28 07:47 Crop Prices Mixed as U.S. Dollar Marches Higher December corn was down 2 cents, November soybeans were down 10 cents and December KC wheat was up 9 cents. Todd Hultman DTN Lead Analyst EARLY GLOBEX PRICES: December corn was down 2 cents, November soybeans were down 10 cents and December KC wheat was up 9 cents. CME GLOBEX RECAP: Early Wednesday, stock futures in the U.S. were lower, along with lower stock markets in Europe and Asia, but just recently started trading higher, a curious, active market. A combination of weakness in the euro and the yuan versus a stronger U.S. Dollar Index as the Federal Reserve is committed to a campaign of higher interest rates continues to squeeze investors in stocks and commodities. Meanwhile, Hurricane Ian bringing high winds and heavy rain to Florida on Wednesday. An index of U.S. pending homes sales in August is due out at 9 a.m. CDT, followed by the Energy Department's weekly inventory report at 9:30 a.m. OUTSIDE MARKETS: Previous closes Tuesday showed more bearish concerns about the economy and rising U.S. dollar. The Dow Jones Industrial Average was down 125.82 at 29,134.99 and the S&P 500 down 7.75 at 3,647.29, while the 10-Year Treasury yield increased to 3.96%, the highest yield in 12 years. Early Wednesday, December Dow Jones futures are trading up 55 points. Asian markets are lower with Japan's Nikkei 225 index down 1.50% and China's Shanghai Composite Index down 1.58%. European markets are lower with the spot futures of the London FTSE 100 trading down 1.44%, spot futures of Germany's DAX trading down 1.48% and spot futures of France's CAC Index trading down 1.07%. The December euro is down $0.0018 at $.9640. The December U.S. Dollar Index is up 0.16 at 114.21. The December 30-year T-bond is up 20/32nds, while December gold is up $0.10 at $1,636.30 and November crude oil is up $0.41 at $78.91. On China's Dalian exchange, January corn was down 0.6%, November soybeans were up 0.7%, January soybean meal was up 0.6% and January soybean oil was down 0.1%. December Malaysian palm oil is trading down 8.5%.