DTN Early Word Grains 10/16 05:53

DTN Early Word Grains 10/16 05:53 Mixed Grains as Monday Surge Calms, Harvest Restarts December corn was down 1 1/4, November soybeans were down 5 3/4, and December KC wheat was up 3/4. Tregg Cronin DTN Contributing Analyst Pre-5:00 a.m. CME Globex: December corn was down 1 1/4, November soybeans were down 5 3/4, and December KC wheat was up 3/4. CME Globex Recap: Global equities are mostly stronger this morning, but most importantly, volatility is lower compared with last week. The CBOE Volatility Index closed yesterday at 20.51% vs. 26.83% on October 11th. The USD and 10-year Treasury have also seen more quiet, range-bound trade the last couple of days. Grains are consolidating yesterday's rally as traders weigh better technicals vs. a resumption of harvest by midweek. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average down 89.44 points at 25,250.55 and the S&P 500 down 16.34 points at 2,750.79 while the 10-year Treasury yield ended at 3.171%. Early Tuesday, DJIA futures were up 50.00. Asian markets were mixed with Japan's Nikkei 225 up 277.94 points (1.25%) and China's Shanghai Composite was down 21.77 points (-0.85%). European markets are mostly higher with London's FTSE 100 down 22.21 points (-0.32%), Germany's DAX up 13.66 points (0.12%), and France's CAC 40 up 3.99 points (0.08%). The euro was down 0.00150 at 1.160000 and the U.S. dollar index was up 0.0500 at 95.0900. September 30-year T-Bonds were down 4/32nds while December gold was up $1.80 at $1232.10 and November crude oil was down 0.51 at $71.27. Soybeans on China's Dalian Exchange closed down 0.77% and soymeal closed up 0.39%.