DTN Early Word Grains 11/25 05:57

DTN Early Word Grains 11/25 05:57 Grains Higher in Holiday-Shortened Week December corn is up 1 1/2 cents per bushel, January soybeans are up 3 cents, and March KC wheat is up 5 cents. By Todd Hultman DTN Lead Analyst 6:00 a.m. CME Globex: December corn is up 1 1/2 cents per bushel, January soybeans are up 3 cents, and March KC wheat is up 5 cents. CME Globex Recap: Equity markets are higher around the globe overnight as optimism returns to trade talks after Beijing issued new guidelines Sunday on strengthening intellectual property safeguards. China's alleged theft of intellectual property has been a major sticking point in trade discussions, so the move to shore up these policies could be a major step forward in discussions. Both sides still need to be able to show a "win" in the trade talks, so concessions will likely be needed on both sides before any sort of signing agreement can take place. Grain markets are higher across the board overnight, led by Chicago wheat which is on the highs of the overnight session. Optimism toward a trade deal is a rising tide that will lift all boats but some of the coldest temperatures of the season will be moving into wheat growing areas of the United States by the weekend. Winter wheat crops are not in great shape according to weekly crop progress reports and could raise the prospect of winter kill this season if solid establishment is not achieved. OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average up 109.33 at 27,875.62 and the S&P 500 up 6.75 at 3,103.54 while the 10-Year Treasury yield ended at 1.774%. Early Monday, the December DJIA futures are up 67 points. Asian markets are higher with Japan's Nikkei 225 up 179.93 (0.78%) and China's Shanghai Composite up 20.88 points (0.72%). European markets are higher with London's FTSE 100 up 57.82 points (0.79%), Germany's DAX up 50.42 points (0.38%) and France's CAC 40 up 23.25 points (0.39%). The December Euro is down 0.001 at 1.100 and the December U.S. dollar index is up 0.029 at 98.205. The December 30-Year T-Bond is down 12/32nds, while December gold is down $6.40 at $1,457.20 and January crude oil is down $0.04 at $57.73. Soybeans on China's Dalian Exchange were down 0.35% while soybean meal was down 0.24%.