DTN Early Word Grains 10/28 05:40

DTN Early Word Grains 10/28 05:40 Grain Markets Lower, Responding to Lower Energy Prices, Faster Brazil Planting Pace December corn is down 1 1/4 cents per bushel, November soybeans are down 6 1/2 cents, December KC wheat is down 3/4 cent, December Chicago wheat is down 1 1/2 cents and December Minneapolis wheat is down 2 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 1 1/4 cents per bushel, November soybeans are down 6 1/2 cents, December KC wheat is down 3/4 cent, December Chicago wheat is down 1 1/2 cents and December Minneapolis wheat is down 2 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed, but mostly higher, with U.S. markets trying to bounce after a six-week winning streak was broken with Friday's lower weekly close. Higher interest rates that suggest a less aggressive pace of rate cuts from the Federal Reserve was one of the main reasons for the pullback in stock prices. Concerns about the situation in the Middle East was also a factor in last week's trade. This week, traders will continue to evaluate corporate earnings, as well as digest several new economic data points. New data that will be released this week includes the Case-Shiller home price index, consumer confidence, and job openings (Jolt) that will be released on Tuesday. On Wednesday, we will see the ADP employment data, 3rd quarter GDP, and pending home sales. Thursday brings initial jobless claims, personal income, personal spending, the Chicago PMI, and the PCE data that is the Fed's favorite inflation indicator. Finally on Friday, we get the U.S. employment report, construction spending, auto sales, and the ISM manufacturing index. It is a very busy week for data. OUTSIDE MARKETS: Previous close Friday showed the Dow Jones Industrial Average down 259.96 at 42,114.40 and the S&P 500 down 1.74 at 5,808.12, The 10-Year Treasury yield ended at 4.232%. Early Monday, the December Dow Jones Futures are up 215 points. European markets are mixed with the spot futures of London's FTSE 100 trading down 0.07%, spot futures of Germany's DAX is trading up 0.1% and the spot futures of France's CAC 40 Index up 0.42%. Asian markets are higher with Japan's Nikkei 225 Index up 1.82% and China's Shanghai Composite Index up 0.68%.