DTN Early Word Grains 10/15 05:49

DTN Early Word Grains 10/15 05:49 Grain Markets Lower on Harvest Pressure, Rainfall Forecasts for Central Brazil December corn is down 2 1/4 cents per bushel, November soybeans are down 8 1/4 cents, December KC wheat is down 3 cents, December Chicago wheat is down 3 3/4 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 2 1/4 cents per bushel, November soybeans are down 8 1/4 cents, December KC wheat is down 3 cents, December Chicago wheat is down 3 3/4 cents and December Minneapolis wheat is down 2 1/4 cents. CME GLOBEX RECAP: World equity markets are mixed after U.S. markets were higher on Monday with both the Dow and the S&P 500 making new lifetime highs. Equity markets are pricing in a less dramatic response to the Iranian missile attack with reports that Isreal has told the Biden administration that they will target military targets, and not oil production or nuclear energy production. Oil prices are down sharply this week, providing some support to world economies that have cheaper costs as a result. Chinese markets rallied on Monday but are lower Tuesday morning as traders are still unimpressed with the new stimulus measures announced by the Chinese government. The only data point to be released Tuesday will be the empire state manufacturing survey, although we will have speeches from two members of the Federal Reserve. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 201.36 at 43,065.22 and the S&P 500 up 44.82 at 5,859.85. The 10-Year Treasury yield ended at 4.098%. Early Tuesday, the December Dow Jones Futures are up 9 points. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.47%, spot futures of Germany's DAX is trading up 0.28% and the spot futures of France's CAC 40 Index down 0.73%. Asian markets are lower with Japan's Nikkei 225 Index down 0.8% and China's Shanghai Composite Index down 1.8%.