DTN Early Word Grains 10/24 05:46

DTN Early Word Grains 10/24 05:46 Grain Markets Higher on Strong World Veg-Oil, Recovery in Energies, Export Demand. December corn is up 2 3/4 cents per bushel, November soybeans are up 7 3/4 cents, December KC wheat is up 3/4 cent, December Chicago wheat is up 1 cent and December Minneapolis wheat is up 2 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 2 3/4 cents per bushel, November soybeans are up 7 3/4 cents, December KC wheat is up 3/4 cent, December Chicago wheat is up 1 cent and December Minneapolis wheat is up 2 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed Thursday morning after a relatively poor session in the U.S. on Wednesday. European markets are trying to bounce a little, but U.S. markets are quiet with the Dow lower and the S&P slightly higher. Higher market-based interest rates are hurting sentiment as the 10-year note has moved to 4.24%, the highest level since July. Not surprisingly, the U.S. dollar is also trading at its highest level since late July due to the higher rates. Wednesday's existing home sales data was slightly lower than last month and neutral to market expectations. Thursday we will get the weekly initial jobless claims, new home sales, and the flash PMI's from S&P for both manufacturing and services. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average down 409.94 at 42,514.95 and the S&P 500 down 53.78 at 5,797.42. The 10-Year Treasury yield ended at 4.242%. Early Thursday, the December Dow Jones Futures are down 47 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.61%, spot futures of Germany's DAX is trading up 0.51% and the spot futures of France's CAC 40 Index up 0.69%. Asian markets are mixed with Japan's Nikkei 225 Index up 0.1% and China's Shanghai Composite Index down 0.68%.