DTN Early Word Grains 11/30 06:32

DTN Early Word Grains 11/30 06:32 Positive Trade to Close Week as G-20 Summit Looms December corn was up 1 3/4 cents, January soybeans were up 1 1/2 cents, and December KC wheat was up 1 cent. Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn was up 1 3/4 cents, January soybeans were up 1 1/2 cents, and December KC wheat was up 1 cent. CME Globex Recap: Softer global equity markets overnight and Friday morning as China and the U.S. prepare to enter the bear pit this weekend. As much hype as the summit is getting, it would not be a surprise to see a muted reaction Sunday night. Crude oil futures dipped below $50.00/billion barrels (bbl) yesterday but managed a close above that level. Grains are positive heading into the weekend with most assuming at least a truce on further tariffs will be agreed upon. OUTSIDE MARKETS: Thursday's closes showed the Dow Jones Industrial Average down 27.59 points at 25,338.84 and the S&P 500 down 6.03 points at 2,737.76 while the 10-year Treasury yield ended at 3.028%. Early Friday, DJIA futures are down 75.00. Asian markets were higher with Japan's Nikkei 225 up 88.46 points (0.40%) and China's Shanghai Composite was up 20.74 points (0.81%). European markets are lower with London's FTSE 100 down 43.71 points (-0.62%), Germany's DAX down 54.80 points (-0.49%), and France's CAC 40 down 19.74 points (-0.39%). The euro was down 0.00240 at 1.13795 and the U.S. dollar index was up 0.1850 at 96.9720. September 30-year T-Bonds were up 8/32nds while December gold was down $3.40 at $1227.00 and December crude oil was down $0.76 at $50.69. Soybeans on China's Dalian Exchange closed up 0.60% and soymeal closed down 0.13%.