DTN Early Word Grains 12/05 06:14

DTN Early Word Grains 12/05 06:14 Grains Start Lower on Solemn Wednesday December corn was down 1 3/4 cents, January soybeans were down 3/4 cent, and March K.C. wheat was down 5 1/2 cents. By Todd Hultman DTN Lead Analyst 6:00 a.m. CME Globex: December corn was down 1 3/4 cents, January soybeans were down 3/4 cent, and March K.C. wheat was down 5 1/2 cents. CME Globex Recap: U.S. government offices and stock markets are closed Wednesday for the observance of former President George H.W. Bush's memorial service. The futures contract for the Dow Jones is up 82 points, showing small relief from Tuesday's big drop and the commodity board is mostly lower, except for the softs. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average down 799.26 points at 25,027.07 and the S&P 500 down 90.31 points at 2,700.06 while the 10-year Treasury yield ended at 2.92%. Early Wednesday, DJIA futures are up 82 points. Asian markets were lower with Japan's Nikkei 225 down 116.72 points (-0.5%) and China's Shanghai Composite was down 16.15 points (-0.6%). European markets are lower with London's FTSE 100 down 84 points (-1.20%), Germany's DAX down 95.25 points (-0.8%), and France's CAC 40 down 45.34 points (-0.9%). The euro was up 0.0009 at 1.13062 and the U.S. dollar index was down 0.07 at 96.89. March 30-year T-Bonds were closed Tuesday in honor of the Bush funeral while February gold was down $4.00 at $1244.70 and January crude oil was down 10 cents at $53.15. Soybeans and meal on China's Dalian Exchange were both lower.