DTN Early Word Grains 09/27 05:56

DTN Early Word Grains 09/27 05:56 Grains Mixed as Contracts Attempt Higher Weekly Closes December corn is down 2 cents per bushel, November soybeans are down 4 cents, and December K.C. wheat is up 3 1/4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is down 2 cents per bushel, November soybeans are down 4 cents, and December K.C. wheat is up 3 1/4 cents. CME Globex Recap: Mostly higher equity markets on the final session of the week as White House drama seems to be taking center stage. Worth noting, the U.S. dollar index has rallied back to the highest level since September 3 and is just 62 pips from the highest level since May 2017. In energy markets, spot crude oil futures have retreated to its 50, 100 and 200-day moving averages after spiking to four-month highs. Grain futures are mixed with row crops lower and wheat contracts mainly higher. Early harvest efforts have commenced around the Midwest, but we are still probably one to two weeks away from heavier progress beginning. Frost potential mid to late week next week has grabbed attention although futures markets don't seem too concerned at the moment. Wheat markets seem to be arguing for a longer-term bottom as Russian FOB offers rally, concerns persist about Australian and Argentine production, harvest remains delayed in the Canadian Prairies and Northern Plains and the U.S. should see another decline in winter wheat planted acreage. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average down 79.59 at 26,891.12 and the S&P 500 down 7.25 at 2,984.87 while the 10-Year Treasury yield ended at 1.685%. Early Friday, the December DJIA futures are up 52 points. Asian markets are mixed with Japan's Nikkei 225 down 169.34 (-0.77%) and China's Shanghai Composite up 3.08 points (0.11%). European markets are higher with London's FTSE 100 up 72.1 points (0.98%), Germany's DAX up 70.46 points (0.57%) and France's CAC 40 up 13.28 points (0.24%). The December Euro is down 0.001 at 1.100 and the December U.S. dollar index is up 0.095 at 98.860. The December 30-Year T-Bond is down 13/32nds, while December gold is down $11.80 at $1,503.40 and November crude oil is down $0.00 at $56.41. Soybeans on China's Dalian Exchange were down 1.06% while soybean meal was down 0.24%.