DTN Early Word Grains 10/18 05:51

DTN Early Word Grains 10/18 05:51 Grain Markets Higher on Thursday's Technical Reversal, Firm Cash Markets December corn is up 1 1/2 cents per bushel, November soybeans are up 1 1/2 cents, December KC wheat is steady, December Chicago wheat is down 1 3/4 cents and December Minneapolis wheat is up 3/4 cent. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 1/2 cents per bushel, November soybeans are up 1 1/2 cents, December KC wheat is steady, December Chicago wheat is down 1 3/4 cents and December Minneapolis wheat is up 3/4 cent. CME GLOBEX RECAP: World equity markets are mixed but Asia is higher after Thursday's mixed session in the U.S. that responded to a series of new economic data released Thursday morning. Initial jobless claims and retail sales were a little better than traders were expecting. On the other hand, Industrial production and capacity utilization were both a little weaker than trade expectations. In general, it was a series of reports that likely support another rate cut, but likely a quarter point and not a half point. The 10-year note rests just under 4.1%, about where we started the week. Overnight, Chinese market's closed over 2% higher on a positive response to recent Chinese stimulus measures announced by the Chinese government. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 161.35 at 43,239.05 and the S&P 500 down 1.00 at 5,841.47. The 10-Year Treasury yield ended at 4.096%. Early Friday, the December Dow Jones Futures are up 1 point. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.34%, spot futures of Germany's DAX is trading up 0.09% and the spot futures of France's CAC 40 Index up 0.45%. Asian markets are higher with Japan's Nikkei 225 Index up 0.18% and China's Shanghai Composite Index up 2.91%.