DTN Early Word Grains 11/16 05:56

DTN Early Word Grains 11/16 05:56 Grains Greenish Glow Early Wednesday December corn was 1 cent higher, January soybeans were 4 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 4 cents higher, and December Chicago wheat was 1 cent higher. CME Globex Recap: Grains were higher early Wednesday despite the push by the U.S. dollar index toward a bullish long-term breakout. This should keep grains tentative as spillover support from Malaysian palm oil starts to die out. Energies and metals were under pressure, with the former giving back some of the strong rally seen Tuesday. DJIA futures were also lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 54.37 points (0.3%) higher at 18,923.06. The NASDAQ Composite gained 57.23 points (1.1%) to 5,275.62, and the S&P 500 added 16.19 points to close at 2,180.39 Tuesday. DJIA futures were 28 points lower Wednesday morning. Asian markets were mixed with Japan's Nikkei up 194.06 points, Hong Kong's Hang Seng Index fell 43.38 points (0.2%), and China's Shanghai Composite slipped 1.93 points. European markets were also mixed Wednesday with London's FTSE 100 down 12.37 points (0.2%), Germany's DAX off 27.18 points (0.3%), and France's CAC 40 losing 11.63 points (0.3%). The U.S. dollar index was 0.170 higher at 100.400, closing in on last December's high of 100.510. Crude oil lost $0.61 to $45.20 while Brent crude fell $0.50 to $46.45. December gold was $0.20 lower at $1,224.30. China's Dalian soybean futures market was lower while Malaysian palm oil futures were higher overnight.