DTN Early Word Grains 11/01 05:52

DTN Early Word Grains 11/01 05:52 Grains Mixed to Finish Week December corn is down 1/2 cent per bushel, January soybeans are up 1 1/4 cents, and December K.C. wheat is unchanged. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is down 1/2 cent per bushel, January soybeans are up 1 1/4 cents, and December K.C. wheat is unchanged. CME Globex Recap: Global equities are higher overnight, bouncing back from Thursday's lower close amid reports China was expressing pessimism about a long-term trade deal. Reports suggested China was reluctant to agree to big structural changes in their economic model, such as reducing subsidies for state-owned companies, at least until most U.S. tariffs are removed. The White House seems caught between a rock and a hard place with the Chinese wanting tariffs removed before agreeing to more concessions but Washington not wanting to remove tariffs until compliance can be achieved. With each day that passes, the December 15 deadline of another 15% in tariffs being enacted draws closer. Grain markets are mixed on the final trading session of the week as producers continue to make harvest progress, albeit slowly. Forecasts remain mostly favorable with a dry week directly ahead for the Midwest and the 6-10 and 8-14 day outlooks pointing drier as well. Temperatures will remain sharply below normal through mid-November, although at this juncture relying on a big heat wave to dry grain naturally is not likely. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 140.46 at 27,046.23 and the S&P 500 down 9.21 at 3,046.77 while the 10-Year Treasury yield ended at 1.691%. Early Friday, the December DJIA futures are up 51 points. Asian markets are mixed with Japan's Nikkei 225 down 76.27 (-0.33%) and China's Shanghai Composite up 29.14 points (0.99%). European markets are higher with London's FTSE 100 up 21.28 points (0.29%), Germany's DAX up 51.86 points (0.4%) and France's CAC 40 up 17.75 points (0.31%). The December Euro is up 0.001 at 1.120 and the December U.S. dollar index is down 0.049 at 97.105. The December 30-Year T-Bond is down 2/32nds, while December gold is down $0.00 at $1,514.80 and December crude oil is up $0.31 at $54.49. Soybeans on China's Dalian Exchange were down 0.12% while soybean meal was down 0.94%.