DTN Early Word Grains 10/03 05:51

DTN Early Word Grains 10/03 05:51 Grain Markets Lower, Correcting Recent Rally December corn is down 1 1/2 cents per bushel, November soybeans are down 8 1/2 cents, December KC wheat is down 2 1/2 cents, December Chicago wheat is down 2 1/4 cents and December Minneapolis wheat is down 3/4 cent. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 1 1/2 cents per bushel, November soybeans are down 8 1/2 cents, December KC wheat is down 2 1/2 cents, December Chicago wheat is down 2 1/4 cents and December Minneapolis wheat is down 3/4 cent. CME GLOBEX RECAP: World equity markets are mixed as the Wednesday's lower U.S. trade found support despite the escalation of the war in the Middle East and the market managed to post a slightly higher close. Traders are getting ready for Friday's important U.S. employment report, and a weaker jobs market could be the key to another rate cut of over 25 basis points at the Fed's next meeting. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 39.55 at 42,196.52 and the S&P 500 up 0.79 at 5,709.54. The 10-Year Treasury yield ended at 3.785%. Early Thursday, the December Dow Jones Futures are down 147 points. European markets are mixed with the spot futures of London's FTSE 100 trading up 0.2%, spot futures of Germany's DAX is trading down 0.6% and the spot futures of France's CAC 40 Index down 0.88%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.27% and China's Shanghai Composite Index is closed.