DTN Early Word Grains 10/09 05:47

DTN Early Word Grains 10/09 05:47 Grain Markets Higher Wednesday Morning on Technical Support, Good Demand Ahead of the USDA Report to be Released on Friday December corn is up 2 cents per bushel, November soybeans are up 5 1/2 cents, December KC wheat is up 9 1/2 cents, December Chicago wheat is up 8 3/4 cents and December Minneapolis wheat is up 9 3/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 2 cents per bushel, November soybeans are up 5 1/2 cents, December KC wheat is up 9 1/2 cents, December Chicago wheat is up 8 3/4 cents and December Minneapolis wheat is up 9 3/4 cents. CME GLOBEX RECAP: World equity markets are mixed on Wednesday morning, as European markets are a little higher, trying to catch up to Tuesday's small rally in the U.S. while China has given back all the gains that occurred after they reopened following a full week on holiday. Tuesday's rally was driven by strength in the tech sector, which found support due to expectations of future interest rate cuts and ideas that the sector had seen enough correction. Tuesday's economic data highlight was the trade data that showed the U.S. deficit at $70.4 billion, slightly lower than trade expectations. Wednesday the wholesale inventories will be released, and several members of the Fed will be speaking. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 126.13 at 42,080.37 and the S&P 500 up 55.19 at 5,751.13. The 10-Year Treasury yield ended at 4.033%. Early Wednesday, the December Dow Jones Futures are down 32 points. European markets are mixed/higher/lower with the spot futures of London's FTSE 100 trading up 0.44%, spot futures of Germany's DAX is trading up 0.11% and the spot futures of France's CAC 40 Index up 0.12%. Asian markets are mixed with Japan's Nikkei 225 Index up 0.87% and China's Shanghai Composite Index down 6.62%.