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DTN Early Word Grains 11/29 05:55

29 Nov 2017
DTN Early Word Grains 11/29 05:55 Bloody Mary Market Morning March corn was 2 cents lower, January soybeans were 4 cents lower, and March Chicago (SRW) was unchanged. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was unchanged, January soybeans were 3 cents lower, and March Chicago (SRW) was 2 cents higher. CME Globex Recap: A quick look at the quote screen first thing Wednesday morning shows a lot of red, with a touch of green for garnish, just like a Bloody Mary. The grain and oilseed complex was mixed with global oilseeds mostly lower, corn near unchanged, and wheat higher. Metals, energies, and softs were all lower as the U.S. dollar index posted a small gain and DJIA futures showed a solid rally on follow-through buying from the Big Board's big Tuesday rally. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 255.93 points (1.1%) higher at 23,836.71, the NASDAQ Composite gained 33.84 points (0.5%) to 6,912.36, and the S&P 500 rallied 25.62 points (1.0%) to 2,627.04 Tuesday. DJIA futures were 62 points higher early Wednesday morning. Asian markets closed mostly higher with Japan's Nikkei 225 gaining 110.96 points (0.5%), Hong Kong's Hang Seng off 57.02 points (0.2%), and China's Shanghai Composite up 4.21 points (0.1%). European markets were trading mostly higher with London's FTSE 100 down 44.43 points (0.6%), Germany's DAX up 114.15 points (0.9%), and France's CAC 40 gaining 30.23 points (0.6%). The euro lost 0.0009 to 1.1832 as the U.S. dollar index added 0.08 to 93.29. December 30-year T-Bonds were 4/32 lower at 154'05 while December gold lost $1.40 to $1,293.60. Crude oil was $0.45 lower at $57.54 while Brent crude lost $0.57 to $63.04. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.