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DTN Early Word Grains 11/06 05:54

6 Nov 2017
DTN Early Word Grains 11/06 05:54 The Time is Right December corn was 1 cent higher, January soybeans were 1 cent lower, and December Chicago (SRW) wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, January soybeans were 1 cent lower, and December Chicago (SRW) wheat was 2 cents higher. CME Globex Recap: In case you missed it Sunday, daylight savings time came to an end, providing us all with an hour to do whatever we pleased. That didn't mean much to a still quiet grain and oilseed complex Sunday evening through early Monday morning. Most of the interest was in the energy complex following a weekend of political arrests in the kingdom of Saudi Arabia. Still, the rally in both Brent and WTI crude oil was minimal, as was the move higher in gold. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 22.93 points (0.1%) higher at 23,539.19, the NASDAQ Composite gained 49.49 points (0.7%) to 6,764.44, and the S&P 500 added 7.99 points (0.3%) to 2,587.84 Friday. DJIA futures were 1 point higher early Monday morning. Asian markets closed mixed with Japan's Nikkei 225 up 9.23 points, Hong Kong's Hang Seng off 6.81 points, and China's Shanghai Composite gaining 16.43 points (0.5%). European markets were trading mostly lower with London's FTSE 100 down 12.24 points (0.2%), Germany's DAX down 26.16 points (0.2%) and France's CAC 40 off 7.70 points (0.1%). The euro was 0.0004 lower at 1.1605 while the U.S. dollar index dipped 0.02 to 94.90. December 30-year T-Bonds were 11/32 higher at 154'00 while December gold rallied $2.90 to $1,272.10. Crude oil was $0.31 higher at $55.95 while Brent crude gained $0.36 to $62.43. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower again overnight.