DTN Early Word Grains 10/08 05:48

DTN Early Word Grains 10/08 05:48 Grain Markets Mostly Lower Tuesday Morning on Harvest Pressure, Increase in Rainfall for Brazil December corn is down 3 1/4 cents per bushel, November soybeans are down 15 3/4 cents, December KC wheat is down 2 3/4 cents, December Chicago wheat is down 2 1/2 cents and December Minneapolis wheat is down 2 1/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 3 1/4 cents per bushel, November soybeans are down 15 3/4 cents, December KC wheat is down 2 3/4 cents, December Chicago wheat is down 2 1/2 cents and December Minneapolis wheat is down 2 1/4 cents. CME GLOBEX RECAP: World equity markets are lower on Tuesday morning, with China the notable exception as it returns from a week-long holiday. Concerns in the U.S. extend to insurance companies who are bracing for more losses with another hurricane baring down on Florida. Also concerning were downgrades of both Apple and Amazon by wall street firms who have worries about future earnings for those companies. Higher oil prices due to the escalation in the Middle east weighed on markets Monday as well. Monday's economic data point was the consumer credit report which said that the U.S. consumer increased their debt load by 8.9 billion dollars, well below the 13.2 billion that was forecast. This is both good and bad, as less debt for the consumer is good, but the lower spending may indicate less confidence in the future. Tuesday morning, we will get the U.S. trade deficit data. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average down 398.51 at 41,954.24 and the S&P 500 down 55.13 at 5,695.94. The 10-Year Treasury yield ended at 4.026%. Early Tuesday, the December Dow Jones Futures are up 78 points. European markets are mixed/higher/lower with the spot futures of London's FTSE 100 trading down 1.23%, spot futures of Germany's DAX is trading down 0.6% and the spot futures of France's CAC 40 Index down 1.05%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.05% and China's Shanghai Composite Index was up 4.59%.