DTN Early Word Grains 09/23 05:57

DTN Early Word Grains 09/23 05:57 Grains Higher on Soy Demand, Wheat Quality December corn is up 1 cent per bushel, November soybeans are up 7 1/4 cents, and December K.C. wheat is up 2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is up 1 cent per bushel, November soybeans are up 7 1/4 cents, and December K.C. wheat is up 2 cents. CME Globex Recap: Equity markets are mixed to lower to begin the new trading week with investors focusing on trade chatter ahead of high-level trade talks scheduled for October 10 as well as the ongoing geopolitical risks between Iran and Saudi Arabia. After assuring markets full oil production would be restored in a matter of weeks, Saudi officials said over the weekend full production following the drone attacks may not be restored for months. Markets remain on edge regarding a U.S.-China trade deal after deputy level talks were deemed "constructive," but President Trump said he wasn't interested in a "partial deal." Grain markets are higher with the exception of Chicago wheat. Soybeans and Minneapolis wheat are leading strength with the former bolstered by the prospect of increased export demand while the latter keeps the pulse of harvest delays and quality issues in the U.S. and Canada. Harvest reports continue to slowly trickle in across the Midwest with harvest expected to pick up steam once the calendar flips to October. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average down 159.72 at 26,935.07 and the S&P 500 down 14.72 at 3,006.79 while the 10-Year Treasury yield ended at 1.755%. Early Monday, the December DJIA futures are down 32 points. Asian markets are mixed with Japan's Nikkei 225 up 34.64 (0.16%) and China's Shanghai Composite down 29.37 points (-0.98%). European markets are lower with London's FTSE 100 down 51.29 points (-0.7%), Germany's DAX down 166.07 points (-1.33%) and France's CAC 40 down 56.95 points (-1%). The December Euro is down 0.004 at 1.100 and the December U.S. dollar index is up 0.274 at 98.410. The December 30-Year T-Bond is up 1 6/32nds, while December gold is up $12.30 at $1,527.40 and November crude oil is down $0.48 at $57.61. Soybeans on China's Dalian Exchange were down 0.32% while soybean meal was up 0.59%.