DTN Early Word Grains 11/04 05:56

DTN Early Word Grains 11/04 05:56 Grains Mixed as Nation Awaits Election Results December corn is down 1/2 cent per bushel, January soybeans are up 5 cents, and December KC wheat is up 1/2 cent. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: December corn is down 1/2 cent per bushel, January soybeans are up 5 cents, and December KC wheat is up 1/2 cent. CME Globex Recap: In-keeping with 2020, the U.S. Presidential election remains too close to call in several battleground states, ensuring the fun will endure for at least another day. Equity futures are sitting very close to unchanged after an erratic overnight session as investors wait to see how final vote tallies lean. As of Wednesday morning, it looks as though Wisconsin and Michigan could be called sometime Wednesday while Pennsylvania remains the wild card with only 64% of its votes counted. Energy markets are sharply higher overnight, fixed income markets are higher and precious metals are lower. Grain markets are mostly showing strength with the exception of Chicago and Minneapolis wheat. It's difficult to look too far past election results although the ag space will be the quickest to revert to trading fundamentals. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average up 554.98 at 27,480.03 and the S&P 500 up 58.78 at 3,310.24 while the 10-Year Treasury yield ended at 0.882%. Early Wednesday, the December DJIA futures are up 6 points. Asian markets are higher with Japan's Nikkei 225 up 399.75 (1.72%) and China's Shanghai Composite up 6.37 points (0.19%). European markets are higher with London's FTSE 100 up 13.54 points (0.23%), Germany's DAX down 0.05 points (-0.01%) and France's CAC 40 up 14.42 points (0.3%). The December Euro is down 0.000 at 1.170 and the December U.S. dollar index is up 0.095 at 93.655. The December 30-Year T-Bond is up 65/32nds, while December gold is down $16.50 at $1,893.90 and December crude oil is up $0.98 at $38.64. Soybeans on China's Dalian Exchange were up 0.71% while soybean meal was up 0.66% and corn was down 0.16%.