DTN Early Word Grains 10/21 05:49

DTN Early Word Grains 10/21 05:49 Grain Markets Higher on Firm Cash Markets December corn is up 1 3/4 cents per bushel, November soybeans are up 7 1/2 cents, December KC wheat is up 2 3/4 cents, December Chicago wheat is up 2 cents and December Minneapolis wheat is up 2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 3/4 cents per bushel, November soybeans are up 7 1/2 cents, December KC wheat is up 2 3/4 cents, December Chicago wheat is up 2 cents and December Minneapolis wheat is up 2 cents. CME GLOBEX RECAP: World equity markets are mostly lower to begin the week although the Chinese market is slightly higher, building on last week's late rebound there. Equity markets have become choppy, with economic data mixed and varying opinions about the size and timing of the next rate cut from the Fed. New data this week includes leading economic indicators on Monday, existing home sales on Wednesday, jobless claims, new home sales, and U.S. flash PMI's on Thursday, with durable goods and consumer sentiment on Friday. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 36.86 at 43,275.91 and the S&P 500 up 23.20 at 5,864.67. The 10-Year Treasury yield ended at 4.073%. Early Monday, the December Dow Jones Futures are down 45 points. European markets are /lower with the spot futures of London's FTSE 100 trading down 0.07%, spot futures of Germany's DAX is trading down 0.53% and the spot futures of France's CAC 40 Index down 0.56%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.07% and China's Shanghai Composite Index up 0.2%.