DTN Early Word Grains 10/07 05:52

DTN Early Word Grains 10/07 05:52 Grains Mixed to Higher Ahead of Winter Storm, WASDE December corn is up 3/4 cent per bushel, November soybeans are down 3/4 cent, and December K.C. wheat is down 1/4 cent. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is up 3/4 cent per bushel, November soybeans are down 3/4 cent, and December K.C. wheat is down 1/4 cent. CME Globex Recap: Equity markets are off to a lower start this week, ahead of the high-level trade talks between the U.S. and China, set to start Thursday. Comments from the Chinese side would seem to suggest hopes should not be high for a major breakthrough this week. It will be interesting to see if the Chinese purchases of U.S. soybeans and wheat continue as traders return from their week-long holiday. Grain markets are mixed to higher with traders focused on the late week winter storm expected to slam into the Western Corn Belt and Northern Plains Wednesday and Thursday. In addition, the USDA will update balance sheets on Thursday with adjustments to corn and soybean yields as well as harvested acreage. Demand changes will also be a focus as September 1 stocks data is incorporated. Funds remain short the Ag complex, and with the shifting fundamental landscape, grain markets should find solid buying on corrections. 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 Monday, the December DJIA futures are down 128 points. Asian markets are lower with Japan's Nikkei 225 down 36.95 (-0.16%) while China remains closed. European markets are lower with London's FTSE 100 down 7.61 points (-0.11%), Germany's DAX down 14.24 points (-0.12%) and France's CAC 40 down 10.6 points (-0.19%). The December Euro is down 0.001 at 1.100 and the December U.S. dollar index is up 0.137 at 98.625. The December 30-Year T-Bond is down 5/32nds, while December gold is down $4.70 at $1,508.20 and November crude oil is up $0.17 at $52.98. The Dalian exchange is still closed.