DTN Early Word Grains 10/29 05:57

DTN Early Word Grains 10/29 05:57 The Tell-Tale Heart of Grains December corn was unchanged, November soybeans were 2 cents higher, and December Chicago wheat was fractionally lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was unchanged, November soybeans were 2 cents higher, and December Chicago wheat was fractionally lower. CME Globex Recap: Light commercial buying, the heart of support in the grain markets, registered during the overnight session with carry weakening slightly in futures spreads. While this could easily be dismissed as nothing more than the result of low trade volume, when combined with the continued strength of national average basis its beat grows louder. Additional support in grains, light though it was, may have come from the overnight sell-off in the U.S. dollar index. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 198.09 points higher Wednesday at 17,779.52. The NASDAQ Composite was down 65.54 points at 5,095.69. DJIA futures were 77 points lower overnight. Asian markets were mostly lower though the Nikkei was up 32.69 points at 18,935.71 while China's Shanghai Composite was up 12.12 points. European markets were also mostly lower. The U.S. dollar index was down 0.441 at 97.341. Crude oil was $0.32 lower at $45.62 while Brent crude was $0.50 lower at $48.55. December gold was $15.70 lower at $1,160.40. Dalian soybean futures were lower while Malaysian palm oil futures were higher.