DTN Early Word Grains 10/04 05:58

DTN Early Word Grains 10/04 05:58 Grains Weaker on Final Session of the Week December corn is down 1 3/4 cents per bushel, November soybeans are down 1 3/4 cents, and December K.C. wheat is down 1/2 cent. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is down 1 3/4 cents per bushel, November soybeans are down 1 3/4 cents, and December K.C. wheat is down 1/2 cent. CME Globex Recap: Global equities are lightly mixed as investors await the October employment report in the U.S. which is expected to show 148,000 jobs added during September vs. 130,000 in August. The unemployment rate is expected to remain unchanged at 3.7%, just 0.1% above the 49-year low hit this spring. Grain markets are mostly weaker heading into the weekend, although media outlets suggest President Trump could unveil his biofuel policy early Friday morning. Depending on the details of the plan, this could give a further boost to corn and ethanol prices, provided the incentives for the refining and blending industries do not overshadow the biofuel industry. Otherwise, traders await additional yield reports in the run-up to the October 10 WASDE report. Following the mostly supportive September 1 stocks data, updated balance sheets could have a supportive construct for the first time in months. Weather forecasters suggest the next round of frost/freeze will come October 11 with the potential for snow in the Upper-Midwest. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average up 96.58 at 26,916.83 and the S&P 500 up 14.95 at 2,961.79 while the 10-Year Treasury yield ended at 1.675%. Early Friday, the December DJIA futures are down 97 points. Asian markets are mixed with Japan's Nikkei 225 up 68.46 (0.32%) while China remains closed for holiday. European markets are mixed with London's FTSE 100 up 16 points (0.23%), Germany's DAX down 18.36 points (-0.15%) and France's CAC 40 up 0.64 points (0.01%). The December Euro is up 0.001 at 1.100 and the December U.S. dollar index is down 0.030 at 98.510. The December 30-Year T-Bond is up 10/32nds, while December gold is up $1.90 at $1,515.70 and November crude oil is down $0.13 at $52.32. Dalian markets remain closed.