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DTN Early Word Grains 11/17 05:55

17 Nov 2017
DTN Early Word Grains 11/17 05:55 Green Commodities, Red Dollar December corn was 1 cent higher, January soybeans were 3 cents higher, and December Kansas City (HRW) 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 3 cents higher, and December Kansas City (HRW) wheat was 2 cents higher. CME Globex Recap: The grain and oilseed complex, like much of the rest of the larger commodity complex, was showing green early Friday morning. Soybeans and corn were generally limited to erasing Thursday's sell-off, while wheat tried to build on the previous day's small rally. Softs, energies, and metals were also showing gains, mostly, with light support possibly tied to the lower U.S. dollar index. Also, DJIA futures were lower again as the Big Board is expected to continue its volatile ways Friday. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 187.08 points (0.8%) higher at 23,458.36, the NASDAQ Composite gained 87.08 points (1.3%) to 6,793.29, and the S&P 500 rallied 21.02 points (0.8%) to 2,585.64 Thursday. DJIA futures were 26 points lower early Friday morning. Asian markets closed mostly higher with Japan's Nikkei 225 up 45.68 points (0.2%), Hong Kong's Hang Seng gaining 180.28 points (0.6%), and China's Shanghai Composite down 16.34 points (0.5%). European markets were trading mixed with London's FTSE 100 off 12.94 points (0.2%), Germany's DAX rallying 6.37 points, and France's CAC 40 adding 4.33 points (0.1%). The euro was 0.0032 higher at 1.1803 while the U.S. dollar index lost 0.22 to 93.69. December 30-year T-Bonds were 1/32 higher at 153'19 while December gold gained $5.20 to $1,283.40. Crude oil was $0.79 higher at $55.93 while Brent crude added $0.55 to $61.91. China's Dalian soybean futures were near unchanged and Malaysian palm oil futures were lower overnight.