DTN Early Word Grains 11/16 05:57

DTN Early Word Grains 11/16 05:57 Mostly Easier Markets to Cap a Lower Week December corn was down 1/4 cent, November soybeans were down 2 cents, and December KC wheat was unchanged. Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn was down 1/4 cent, November soybeans were down 2 cents, and December KC wheat was unchanged. CME Globex Recap: Mostly quiet equity markets to close the week. Incredible volatility continues to grip the energy markets with natural gas following its 18% rally on Wednesday with a 13% drop on Thursday. The liquidation in crude oil has us wondering what that does to the opinion of managed funds toward grains? Quiet overnight trade in grains with most contracts looking at a lower close for the week. Holiday-mode trade begins next week. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 208.77 points at 25,289.27 and the S&P 500 up 28.62 points at 2,730.20 while the 10-year Treasury yield ended at 3.105%. Early Friday, DJIA futures are down 69.00. Asian markets were mixed with Japan's Nikkei 225 down 123.28 points (-0.57%) and China's Shanghai Composite was up 10.94 points (0.41%). European markets are mostly higher with London's FTSE 100 down 8.99 points (-0.13%), Germany's DAX up 38.58 points (0.38%), and France's CAC 40 up 7.42 points (0.15%). The euro was up 0.00135 at 1.13660 and the U.S. dollar index was down 0.1400 at 96.9630. September 30-year T-Bonds were down 1/32nds while December gold was up $1.60 at $1216.60 and December crude oil was up $0.69 at $57.15. Soybeans on China's Dalian Exchange closed up 0.55% and soymeal closed up 1.42%.