DTN Early Word Grains 10/26 05:43

DTN Early Word Grains 10/26 05:43 Grain Markets Mixed Thursday Morning as Energy, Equity Sell-Off Continues December corn is down 1 cent per bushel, November soybeans are up 1/2 cent, December KC wheat is up 2 cents, December Chicago wheat is up 4 cents and December Minneapolis wheat is up 5 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 1 cent per bushel, November soybeans are up 1/2 cent, December KC wheat is up 2 cents, December Chicago wheat is up 4 cents and December Minneapolis wheat is up 5 cents. CME GLOBEX RECAP: World equity markets are lower to sharply lower after another poor day in the U.S. on Wednesday. Interest rates rebounded, closing just under the 5.0% level on the 10-year note. Those higher rates combined with the earnings report from Alphabet which showed a slowdown in their cloud business, triggered a route in technology shares with the NASDAQ now down over 10% from their highs. New home sales were well above trade expectations, another data point showing the economy running stronger than expected which plays into the "higher for longer" narrative that is triggering concerns about future corporate earnings. Thursday, we will get a new estimate for 3rd quarter GDP, and the September durable goods estimate. Friday, we get inflation information with the PCE index as well as data on personal income and spending. Late Wednesday, there were two new developments in ongoing issues: First, the House of Representative now has a speaker, which will allow business to be brought forward in the House. Second, Ford and the UAW reached a tentative agreement on a labor contract. Observers believe that this could lead to settlements with the other automobile companies and end the strikes in that industry. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average down 105.45 at 33,035.93 and the S&P 500 down 60.91 at 4,186.77, The 10-Year Treasury yield ended at 4.95%. Early Thursday, the December Dow Jones Futures are down 79 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.59%, spot futures of Germany's DAX is trading down 1.38% and the spot futures of France's CAC 40 Index down 0.69%. Asian markets are mixed with Japan's Nikkei 225 Index down 2.14% and China's Shanghai Composite Index up 0.48%.