DTN Early Word Grains 10/13 08:31

DTN Early Word Grains 10/13 08:31 Soybeans, Wheat Start Quietly Higher Friday Morning December corn was down 1 cent, November soybeans were up 5 cents and December KC wheat was up 5 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: December corn was down 1 cent, November soybeans were up 5 cents and December KC wheat was up 5 cents. CME GLOBEX RECAP: Early Friday, Dow Jones futures are steady, while stocks are lower in Europe and Asia. According to CNBC.com, China's exports and imports were both down 6.2% in September, measured in U.S. dollars. Grain traders are still digesting Thursday's new estimates from USDA and trying to understand the unexpected rally in soybean meal. USDA's weekly export sales report is due out at 7:30 a.m. Friday, one day after USDA reduced export estimates for corn and soybeans. The University of Michigan's consumer sentiment index follows at 9 a.m. Traders remain interested in the latest weather forecasts and news from Ukraine, Israel and Washington D.C. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average down 173.73 at 33,631.14 and the S&P 500 Index down 27.34 at 4,349.61. The 10-Year Treasury yield ended at 4.71%. Early Friday, December Dow Jones futures are down 23 points. European markets are lower with the spot futures of the London FTSE 100 trading down 0.29%, spot futures of Germany's DAX trading down 0.53% and spot futures of France's CAC Index trading down 0.39%. Asian markets are also lower with Japan's Nikkei 225 index down 0.55% and China's Shanghai Composite Index down 0.64%.