DTN Early Word Grains 11/08 05:52

DTN Early Word Grains 11/08 05:52 Stop Me if You've Heard This One December corn was 1 cent lower, January soybeans were 2 cents higher, and December Chicago (SRW) wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent lower, January soybeans were 2 cents higher, and December Chicago (SRW) wheat was 2 cents lower. CME Globex Recap: Three markets walk into a gym. One slowly starts using the stair-climber, looking like it's going up but in reality staying still. One tries the wall climb, but can't get past the first rock. And one lays down on the floor and goes to sleep. There's your overnight recap for the soybean, wheat, and corn markets respectively. Outside markets weren't much more interesting with light selling seen in energies and light buying in metals. Cotton tried to recover some of Tuesday's commercial-led sell-off. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 8.81 points higher at 23,557.23, the NASDAQ Composite lost 18.65 points (0.3%) to 6,767.78, and the S&P 500 slipped 0.49 to 2,590.64 Tuesday. DJIA futures were 7 points lower early Wednesday morning. Asian markets closed mostly lower with Japan's Nikkei 225 off 23.78 points (0.1%), Hong Kong's Hang Seng down 86.74 points (0.3%), and China's Shanghai Composite rallying 1.89 points. European markets were trading mostly lower with London's FTSE 100 off 0.19, Germany's DAX down 12.85 points (0.1%), and France's CAC 40 down 16.31 points (0.3%). The euro was 0.0016 higher at 1.1603 while the U.S. dollar index dipped 0.02 to 94.82. December 30-year T-Bonds were 1/32 lower at 154'21 while December gold gained $5.40 to $1,281.10. Crude oil was $0.18 lower at $57.02 while Brent crude slipped $0.11 to $63.58. China's Dalian soybean futures were mixed and Malaysian palm oil futures were higher overnight.