DTN Early Word Grains 10/14 05:57

DTN Early Word Grains 10/14 05:57 Wheat Feels Invincible December corn was 5 cents higher, November soybeans were 6 cents higher, and December Chicago wheat was 7 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 5 cents higher, November soybeans were 6 cents higher, and December Chicago wheat was 7 cents higher. CME Globex Recap: Grain markets were higher overnight with winter wheat once again leading the way. Corn has also posted an impressive bullish breakout since its post-USDA sell-off, helping to prop up the soybean market. What makes the move in grains more impressive is that the sector is showing strength despite renewed buying interest in the U.S. dollar index. Outside commodities are mostly higher with solid gains seen in energies, softs are higher, while metals are mostly lower. DJIA futures are higher as overseas markets stabilize from Thursday' sell-off. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 45.26 points (0.3%) lower at 18,098.94, the NASDAQ Composite lost 25.69 points (0.5%) to 5,213.33, and the S&P 500 dipped 6.63 points (0.3%) to close at 2,132.55 Wednesday. DJIA futures were 64 points higher overnight. Asian markets were higher with Japan's Nikkei up 82.13 points (0.5%), Hong Kong's Hang Seng rallied 202.01 points (0.9%), and China's Shanghai composite gained 2.46 points (0.1%). European markets were also higher with London's FTSE 100 up 58.57 points (0.8%), Germany's DAX gaining 165.18 points (1.6%), and France's CAC 40 adding 77.79 points (1.8%). The U.S. dollar index was 0.315 higher at 97.831. Crude oil gained $0.54 to $50.98 while Brent crude added $0.39 to $52.42. December gold was $3.70 lower at $1,253.90. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.