DTN Early Word Grains 11/08 05:56

DTN Early Word Grains 11/08 05:56 It's Finally Time December corn was 1 cent higher, January soybeans were 8 cents higher, and December Chicago wheat was 1 cent higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, January soybeans were 8 cents higher, and December Chicago wheat was 1 cent higher. CME Globex Recap: It's finally time for the U.S. to elect its next president after two seemingly endless years of bitter campaigning. As for markets, Turnaround Tuesday seemed to be the theme of the day for most with the U.S. dollar index and DJIA futures down while corn and wheat rallied. Otherwise, soybeans extended this week's rally and crude oil was higher once again. Stay tuned to DTN for round-the-clock coverage of the election and its effect on markets, right up through Wednesday's USDA reports. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 371.32 points (2.1%) higher at 18,259.60, the NASDAQ Composite gained 119.80 points (2.4%) to 5,166.17, and the S&P 500 rallied 46.34 points (2.2%) to close at 2,131.52 Monday. DJIA futures were 16 points lower overnight. Asian markets were mostly higher with Japan's Nikkei down 5.83 points, Hong Kong's Hang Seng Index added 108.07 points (0.5%), and China's Shanghai Composite gained 14.55 points (0.5%). European markets were mixed Tuesday with London's FTSE 100 up 9.43 points (0.1%), Germany's DAX off 18.47 points (0.2%), and France's CAC 40 slipping 1.94 points. The U.S. dollar index was 0.050 lower at 97.721. Crude oil added $0.07 to $44.96 while Brent crude gained $0.12 to $46.27. December gold was $5.40 higher at $1,284.80. China's Dalian soybean and Malaysian palm oil futures were both higher again overnight.