DTN Early Word Grains 12/04 05:54

DTN Early Word Grains 12/04 05:54 Soybeans Storm Higher March corn was 1 cent higher, January soybeans were 12 cents higher, and March Chicago (SRW) was 3 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 1 cent higher, January soybeans were 12 cents higher, and March Chicago (SRW) was 3 cents higher. CME Globex Recap: Soybeans posted a strong move Sunday night into Monday morning, following-through on last Friday's rally. This provided support to the rest of the grain and oilseed complex, though corn was a quiet follower. Wheat saw renewed buying interest despite a stronger U.S. dollar index while a triple-digit overnight rally in DJIA futures hint at an explosive session in equities to start the week. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 40.76 points (0.2%) lower at 24,231.59, the NASDAQ Composite lost 26.39 points (0.4%) to 6,847.59, and the S&P 500 fell 5.36 points (0.2%) to 2,642.22 Friday. DJIA futures were 211 points higher early Monday morning. Asian markets closed mixed with Japan's Nikkei 225 down 111.87 points (0.5%), Hong Kong's Hang Seng up 64.04 points (0.2%), and China's Shanghai Composite off 8.00 points (0.2%). European markets were trading mostly higher with London's FTSE 100 up 57.64 points (0.8%), Germany's DAX gaining 155.36 points (1.2%), and France's CAC 40 adding 49.90 points (0.9%). The euro dropped 0.0047 to 1.1848 as the U.S. dollar index gained 0.30 to 93.19. March 30-year T-Bonds were 21/32 lower at 152'19 while February gold lost $6.50 to $1,275.9. Crude oil was $0.62 lower at $57.74 while Brent crude slipped $0.48 to $63.25. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight.