DTN Early Word Grains 10/02 05:39

DTN Early Word Grains 10/02 05:39 Corn and Wheat Start Higher, Soybeans Lower After Government Stays Open December corn was up 2 cents, November soybeans were down 9 cents and December KC wheat was up 5 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: December corn was up 2 cents, November soybeans were down 9 cents and December KC wheat was up 5 cents. CME GLOBEX RECAP: Early Monday, Dow Jones futures are steady after Congress agreed to keep the U.S. government open through November 17, while opposing factions continue to haggle over their differences. Except for Indonesia and Philippines, manufacturing indices showed contraction in most Asian and European economies overnight. An index of U.S. manufacturing will be out at 9 a.m. CDT. USDA's weekly grain export inspections at 10 a.m. CDT, followed by NASS's Fats and Oil report at 2 p.m. and Crop Progress at 3 p.m. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average down 158.84 at 33,507.50 and the S&P 500 Index down 11.65 at 4,288.05. The 10-Year Treasury yield ended at 4.57%. Early Monday, December Dow Jones futures are up 5 points. European markets are a little higher with the spot futures of the London FTSE 100 trading down 0.29%, spot futures of Germany's DAX trading up 0.22% and spot futures of France's CAC Index trading up 0.32%. Asian markets are mixed with Japan's Nikkei 225 index down 0.31% and China's Shanghai Composite Index up 0.10%.