DTN Early Word Grains 10/30 05:54

DTN Early Word Grains 10/30 05:54 Monday Morning Soybean Rally December corn was fractionally higher, November soybeans were 6 cents higher, and December Chicago (SRW) wheat was fractionlly lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally higher, November soybeans were 6 cents higher, and December Chicago (SRW) wheat was fractionlly lower. CME Globex Recap: Global oilseed markets were higher overnight into Monday morning, with the Chicago market led by soybeans. Contracts were sitting near session highs, supported by what looked to be new noncommercial buying interest. Corn was near unchanged, naturally, while the wheat complex was mostly lower. Other commodity sectors were mixed with cotton and gold posting small gains, crude oil a small loss. The U.S. dollar index was showing a loss early Monday, as were DJIA futures. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 33.33 points (0.1%) higher at 23,434.19, the NASDAQ Composite gained 144.49 points (2.2%) to 6,701.26, and the S&P 500 added 20.67 points (0.8%) to 2,581.07 Friday. DJIA futures were 30 points lower early Monday morning. Asian markets closed mixed with Japan's Nikkei 225 up 3.22 points, Hong Kong's Hang Seng down 20.84 points, and China's Shanghai Composite off 26.48 points (0.8%). European markets were trading mostly higher with London's FTSE 100 down 9.89 points (0.1%), Germany's DAX up 12.47 points (0.1%) and France's CAC 40 adding 3.97 points. The euro was 0.0026 higher at 1.1635 while the U.S. dollar index slipped 0.12 to 94.69. December 30-year T-Bonds were 15/32 higher at 151'21 while December gold gained $0.90 to $1,272.70. Crude oil was $0.05 lower at $53.85 while Brent crude rallied $0.11 at $60.55. China's Dalian soybean futures were mixed and Malaysian palm oil futures were higher overnight.