DTN Early Word Grains 11/01 05:56

DTN Early Word Grains 11/01 05:56 X Marks the Month December corn was fractionally higher, January soybeans were 2 cents higher, and December Chicago (SRW) wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally higher, January soybeans were 2 cents higher, and December Chicago (SRW) wheat was 1 cent lower. CME Globex Recap: The first morning of November, the X-month in commodity code, finds the grain and oilseed complex mostly higher. The oilseed complex was higher, including Malaysian palm oil and Dalian soybeans, while corn posted fractional gains. Meanwhile winter wheat contracts were lower and Minneapolis spring wheat was sitting near unchanged. Other commodity sectors were mostly higher, with strong gains seen in energies and metals. Softs were mostly lower, only cotton able to rally overnight. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 28.50 points (0.1%) higher at 23,377.24, the NASDAQ Composite gained 28.71 points (0.4%) to 6,727.67, and the S&P 500 added 2.43 points (0.1%) to 2,575.26 Tuesday. DJIA futures were 121 points higher early Wednesday morning, promising a sharply higher open to the big board. Asian markets closed mostly higher with Japan's Nikkei 225 up 408.47 points (1.9%), Hong Kong's Hang Seng rallying 348.52 points (1.2%), and China's Shanghai Composite adding 2.57 points (0.1%). European markets were trading higher with London's FTSE 100 up 14.45 points (0.2%), Germany's DAX gaining 217.27 points (1.6%) and France's CAC 40 adding 30.97 points (0.6%). The euro was 0.0010 lower at 1.1638 while the U.S. dollar index gained 0.10 to 94.64. December 30-year T-Bonds were 9/32 lower at 152'06 while December gold rallied $10.10 to $1,280.60. Crude oil was $0.65 higher at $55.03 while Brent crude gained $0.66 at $61.60. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.