DTN Early Word Grains 10/23 06:00

DTN Early Word Grains 10/23 06:00 Grains Closing Week Higher December corn is up 1 3/4 cents per bushel, November soybeans are up 3/4 cent, and December KC wheat is up 7 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: December corn is up 1 3/4 cents per bushel, November soybeans are up 3/4 cent, and December KC wheat is up 7 cents. CME Globex Recap: Global equities were stronger overnight with U.S. futures also staring at a higher open Friday morning. House Speaker Pelosi and Treasury Secretary Mnuchin continued their stimulus-package talks Thursday with Speaker Pelosi saying they're "just about there." There is still uncertainty that Senate Majority Leader McConnel would allow a vote on a stimulus bill before the presidential elections, especially if he tries to get Supreme Court justice nominee Amy Coney Barrett approved on the Senate floor. The energy markets were stronger overnight, although natural gas is down over 2.0%. Grains were stronger overnight with gains being led by Kansas City and Chicago wheat after a couple day breather midweek. Corn futures are making new highs daily while soybean futures rest just below contract highs. There still does not seem to be a compelling enough reason to get sideways with the trend, and the trend remains up in the ag space. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 152.84 at 28,363.66 and the S&P 500 up 17.93 at 3,435.56 while the 10-year Treasury yield ended at 0.848%. Early Friday, the December DJIA futures are up 94 points. Asian markets are mixed with Japan's Nikkei 225 up 42.32 (0.18%) and China's Shanghai Composite down 34.5 points (1.04%). European markets are higher with London's FTSE 100 up 85.43 points (1.48%), Germany's DAX up 130.01 points (1.04%) and France's CAC 40 down 65.82 points (1.36%). The December euro is up 0.002 at 1.190 and the December U.S. Dollar Index is down 0.234 at 92.730. The December 30-year T-Bond is down 10/32nds, while December gold is up $7.90 at $1,912.50 and December crude oil is up $0.23 at $40.87. Soybeans on China's Dalian Exchange were up 0.32% while soybean meal was down 0.49%.