DTN Early Word Grains 11/24 06:02

DTN Early Word Grains 11/24 06:02 An Unexpected Turnaround Tuesday December corn was 2 cents lower, January soybeans were fractionally lower, and December Chicago wheat was 3 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 2 cents lower, January soybeans were fractionally lower, and December Chicago wheat was 3 cents lower. CME Globex Recap: Grain contracts were lower early Monday, giving back some of Monday's surprise rally. Wheat was under the most pressure, down a quiet 3 cents early Tuesday despite a lower U.S. dollar index. Corn and soybeans were showing small losses following reports that China's economy is expected to hit its targeted growth rate of 7%. Outside markets were mostly higher led by gold and crude oil after news of Turkey shooting down a Russian jet near Syria. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 31.13 points lower Monday at 17,792.68. The NASDAQ Composite was down 2.44 points at 5,102.48. DJIA futures were 69 points lower overnight. Asian markets were mostly higher with the Nikkei up 45.08 points at 19,924.89 and China's Shanghai Composite gained 5.80 points. European markets were lower. The U.S. dollar index was down 0.213 at 99.590 after hitting 100.00 for the first time since last March Monday. Crude oil was $0.37 higher at $42.12 while Brent crude was $0.50 higher at $45.33. December gold was $8.30 higher at $1,075.10. Dalian soybean futures were higher while Malaysian palm oil futures were lower.