DTN Early Word Grains 11/15 05:49

DTN Early Word Grains 11/15 05:49 Soy Complex Leads Grains Higher on Trade Optimism December corn was up 2 cents, November soybeans were up 11 cents, and December KC wheat was up 2 cents. Tregg Cronin DTN Contributing Analyst Pre-5:00 a.m. CME Globex: December corn was up 2 cents, November soybeans were up 11 cents, and December KC wheat was up 2 cents. CME Globex Recap: Trade drives the bus, and for Thursday at least, a deal between China and the U.S. looks closer than it did Wednesday. A relief rally across most asset classes would be expected on a formal announcement. After closing higher yesterday, crude oil is now working on its 13th lower close in the last 14 sessions. Soybeans leading the grain room higher overnight on trade optimism although nothing concrete announced yet. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average down 205.99 points at 25,080.50 and the S&P 500 down 20.60 points at 2,701.58 while the 10-year Treasury yield ended at 3.127%. Early Thursday, DJIA futures are down up 54.00. Asian markets were mixed with Japan's Nikkei 225 down 42.86 points (-0.20%) and China's Shanghai Composite was up 35.93 points (1.36%). European markets are mixed with London's FTSE 100 up 4.91 points (0.07%), Germany's DAX down 11.85 points (-0.10%), and France's CAC 40 down 19.35 points (-0.38%). The euro was up $0.00470 at $1.12950 and the U.S. Dollar Index was up 0.3290 at 97.3030. September 30-year T-Bonds were up 9/32nds while December gold was up $0.70 at $1210.80 and December crude oil was down $0.43 at $55.82. Soybeans on China's Dalian Exchange closed down 0.46% and soymeal closed down 0.84%.