DTN Early Word Grains 10/18 06:03

DTN Early Word Grains 10/18 06:03 Weaker Grains with Harvest Expanding, Bullish Catalyst Lacking December corn was down 1 1/4, November soybeans were down 6 1/2, and December KC wheat was down 1. Tregg Cronin DTN Contributing Analyst Pre-5:00 a.m. CME Globex: December corn was down 1 1/4, November soybeans were down 6 1/2, and December KC wheat was down 1. CME Globex Recap: Mostly better global equities overnight, although worth noting, the Shanghai Composite hit the lowest level this week since November 2014. In addition, the onshore Chinese renminbi rate hit the lowest level in nearly two years. The trade war appears to be sinking its teeth into the PRC. Crude oil has slipped back below $70.00/barrel (bbls) Thursday. Grains are weaker as harvest expands and demand indicators get a little shaky. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average down 91.74 points at 25,706.68 and the S&P 500 down 0.71 points at 2,809.21 while the 10-year Treasury yield ended at 3.209%. Early Thursday, DJIA futures were down 55.00. Asian markets were lower with Japan's Nikkei 225 down 182.96 points (-0.80%) and China's Shanghai Composite was down 75.20 points (-2.94%). European markets are higher with London's FTSE 100 up 6.26 points (0.09%), Germany's DAX up 25.11 points (0.21%), and France's CAC 40 up 4.66 points (0.09%). The euro was up 0.00105 at 1.15465 and the U.S. dollar index was down 0.1240 at 95.5300. September 30-year T-Bonds were down 18/32nds while December gold was unchanged at $1227.40 and November crude oil was down $0.52 at $69.23. Soybeans on China's Dalian Exchange closed up 0.16% and soymeal closed up 1.21%.