DTN Early Word Grains 11/04 05:52

DTN Early Word Grains 11/04 05:52 Grains Mixed to Begin New Trading Week December corn is down 3 1/4 cents per bushel, January soybeans are up 3/4 cents, and December K.C. wheat is down 4 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is down 3 1/4 cents per bushel, January soybeans are up 3/4 cents, and December K.C. wheat is down 4 cents. CME Globex Recap: Stronger global equity markets overnight as investors carry optimism toward the U.S.-China trade talks and economic data remains upbeat in the world's largest economy. On Friday, data showed employers in the U.S. added more jobs in October than originally expected. Commerce Secretary Wilbur Ross also said Sunday that he was "quite optimistic" the remaining obstacles in the first phase of U.S. negotiations with China could be overcome soon. He also said U.S. and Chinese officials still planned to meet this month, even without the summit in Chile. Grains are mixed to start the week with soybeans higher but grains lower as traders prepare for another WASDE report at the end of the week. The November WASDE usually doesn't contain major production changes to corn and soybean crops, but small tweaks could give clues about directional changes ahead of January. Demand line item changes will be more of a focus, although the USDA will release an update on spring wheat production after they resurveyed producers following the delayed harvest. As we move toward Thanksgiving, traders are acutely aware of the winter doldrums which typically sets in between late November and Christmas. South American weather remains the best chance for volatility at this juncture. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 301.13 at 27,347.36 and the S&P 500 up 29.35 at 3,037.56 while the 10-Year Treasury yield ended at 1.728%. Early Monday, the December DJIA futures are up 125 points. Asian markets are mixed with Japan's Nikkei 225 down 76.27 (-0.33%) and China's Shanghai Composite up 17.29 points (0.58%). European markets are higher with London's FTSE 100 up 71.39 points (1%), Germany's DAX up 156.99 points (1.21%) and France's CAC 40 up 58.96 points (1.02%). The December Euro is down 0.001 at 1.120 and the December U.S. dollar index is up 0.074 at 97.115. The December 30-Year T-Bond is down 16/32nds, while December gold is up $0.80 at $1,512.20 and December crude oil is up $0.46 at $56.66. Soybeans on China's Dalian Exchange were down 0.15% while soybean meal was up 0.64%.