DTN Early Word Grains 10/21 06:06

DTN Early Word Grains 10/21 06:06 Grains Weaker Ahead of Export Sales December corn is down 1 1/2 cents per bushel, November soybeans are down 6 1/4 cents, and December KC wheat is down 6 1/2 cents. Tregg Cronin DTN Contributing Analyst CME Globex Recap: Financial markets were weaker overnight with global equities lower and U.S. futures suggesting a lower start later Thursday morning. Energy markets were also weaker with crude oil down 0.6% while products were down over 1.0% and natural gas was down almost 2.0%. The U.S. Dollar Index was firmer overnight, trying to close higher for the first session in three. U.S. treasuries are a touch weaker overnight, continuing their longer-term downtrend dating back to early August. Metals are mixed with copper and silver lower while gold is slightly firmer. Grain markets were weaker overnight as well with losses led by soybean oil and winter wheat as the ag space sees its first corrective trade of the week. Most markets are sitting on hefty gains this week, so a bit of back-and-fill is not all that surprising. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average up 152.03 at 35,609.34 and the S&P 500 up 16.56 at 4,519.63 while the 10-year Treasury yield ended at 1.636%. Early Thursday, the December DJIA futures are down 108 points. Asian markets are mixed with Japan's Nikkei 225 down 546.97 (1.87%) and China's Shanghai Composite up 7.78 points (0.22%). European markets are lower with London's FTSE 100 down 25.49 points (0.35%), Germany's DAX down 7.37 points (0.05%) and France's CAC 40 down 16.24 points (0.24%). The December euro is down 0.002 at 1.160 and the December U.S. Dollar Index is up 0.115 at 93.650. The December 30-year T-Bond is down 4/32nds, while December gold is up $2.40 at $1,787.30 and December crude oil is down $0.48 at $82.94. Soybeans on China's Dalian Exchange were up 2.46% while soybean meal was up 0.08%.