DTN Early Word Grains 11/11 05:58

DTN Early Word Grains 11/11 05:58 A Return to Normal in Overnight Markets December corn was 2 cents lower, January soybeans were 7 cents higher, and December Chicago wheat was fractionally lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 2 cents lower, January soybeans were 7 cents higher, and December Chicago wheat was fractionally lower. CME Globex Recap: The pattern of soybeans posting a strong overnight rally before pulling back continued Thursday night into Friday morning. However, unlike the previous session corn and wheat didn't follow. Also, outside markets were more in line with what would be expected with metals lower and metals mostly lower. The outlier in the latter is copper as it continues to post an impressive rally. The U.S. dollar index was near unchanged while DJIA futures were lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 218.19 points (1.2%) higher at 18,807.88, a new all-time high. The NASDAQ Composite lost 42.28 points (0.8%) to 5,208.80, and the S&P 500 rallied 4.22 points (0.2%) to close at 2,167.48 Thursday. DJIA futures were 57 points lower Friday morning. Asian markets were mixed with Japan's Nikkei up 30.37 points (0.2%), Hong Kong's Hang Seng Index fell 308.02 points (1.4%), and China's Shanghai Composite gained 24.76 points (0.8%). European markets were also mixed Friday with London's FTSE 100 down 67.25 points (1.0%), Germany's DAX gained 10.32 points (0.1%), and France's CAC 40 losing 35.23 points (0.8%). The U.S. dollar index was 0.011 lower at 98.770. Crude oil lost $0.61 to $44.05 while Brent crude lost $0.52 to $45.32. December gold was $11.30 lower at $1,255.10. China's Dalian soybean and Malaysian palm oil futures both showed solid gains again overnight.