DTN Early Word Grains 10/09 05:56

DTN Early Word Grains 10/09 05:56 Friday's Matchup: USDA vs. USDX December corn was 2 cents higher, November soybeans were 4 cents higher, and December Chicago wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 2 cents higher, November soybeans were 4 cents higher, and December Chicago wheat was 2 cents higher. CME Globex Recap: Grains were higher early Friday, supported by continued selling in the U.S. dollar index (USDX) as the latter responds to FOMC comments released Thursday. However, the impending release of USDA's October monthly reports kept a lid on buying enthusiasm in grains. Commodities inn general were higher with both gold and crude oil posting solid gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 138.46 points higher Thursday at 17,050.75. The NASDAQ Composite was up 19.64 points at 4,810.70. DJIA futures were 3 points higher overnight. Asian markets were higher with the Nikkei up 297.50 points at 18,438.67 while China's Shanghai Composite was up 5.86 points. European markets were also higher. The U.S. dollar index was down 0.382 at 94.936. Crude oil was $1.02 higher at $50.45 while Brent crude was $0.59 higher at $53.64. December gold was $11.00 higher at $1,155.30. Dalian soybean futures and Malaysian palm oil futures were both lower.