DTN Early Word Grains 10/07 05:56

DTN Early Word Grains 10/07 05:56 Another Flash Crash Shakes Markets Overnight December corn was fractionally higher, November soybeans were fractionally higher, and December Chicago wheat was 1 cent higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally higher, November soybeans were fractionally higher, and December Chicago wheat was 1 cent higher. CME Globex Recap: Global overnight markets were shaken by a flash crash in the British pound as trade in Asia opened. The pound spiked to a new 30-year plus low below 1.20 before immediately rallying back above 1.24. The U.S. dollar index jumped more than 0.400 before holding at a gain of 0.270 Friday morning. Commodities were mixed with grains higher and energies lower. Both metals and softs were mixed. All this ahead of key U.S. jobs data with September nonfarm payroll and unemployment set for release Friday morning. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 12.53 points higher at 18,268.50, the NASDAQ Composite lost 9.17 points (0.2%) to 5,306.85, and the S&P 500 rallied 1.04 points to close at 2,160.77 Wednesday. DJIA futures were 53 points lower overnight. Asian markets were lower with Japan's Nikkei down 39.01 points (0.2%). European markets were mostly lower with London's FTSE 100 up 75.88 points (1.1%), Germany's DAX off 57.63 points (0.5%), and France's CAC 40 down 23.00 points (0.5%). The U.S. dollar index was 0.285 higher at 97.050. Crude oil dropped $0.21 to $50.23 while Brent crude lost $0.34 to $52.17. December gold was $5.80 higher at $1,258.80. China's Dalian soybean futures remained closed for holiday while Malaysian palm oil futures were lower overnight.