DTN Early Word Grains 11/12 06:01

DTN Early Word Grains 11/12 06:01 Row Crops Retain Gains, Wheat Struggles December corn is up 1 1/4 cents per bushel, January soybeans are up 1 1/4 cents, and December KC wheat is down 1 3/4 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: December corn is up 1 1/4 cents per bushel, January soybeans are up 1 1/4 cents, and December KC wheat is down 1 3/4 cents. CME Globex Recap: Global equity markets were mostly weaker overnight with U.S. futures facing modest losses Thursday morning as the euphoria from the early week vaccine buying has faded. The realization that even if a successful vaccine exists, it will be many months before enough doses can be distributed to turn the tide in the fight against the virus. In the meantime, the threat of additional lockdowns and restrictions face many western countries. Energy markets have maintained their strength well with spot crude oil trading over 43.00 per barrel Wednesday and mostly holding strength Thursday. The U.S. Dollar Index is remaining inside recent ranges and just below its 50-day moving average at 93.3820. Grains were mixed overnight with row crops and products firmer while wheat markets show losses. The reversal posted in corn Wednesday was a bit concerning, and worth watching, although the price action in the soy complex remains encouraging. Wheat markets do not have the fundamentals or positive technical action to keep pace with row crops. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average down 23.29 at 29,397.63 and the S&P 500 up 27.13 at 3,545.53 while the 10-year Treasury yield ended at 0.958%. Early Thursday, the December DJIA futures are down 134 points. Asian markets are mixed with Japan's Nikkei 225 up 171.28 (0.68%) and China's Shanghai Composite down 3.52 points (0.11%). European markets are lower with London's FTSE 100 down 19.87 points (0.31%), Germany's DAX down 76.35 points (0.58%) and France's CAC 40 down 32.84 points (0.6%). The December euro is up 0.004 at 1.180 and the December U.S. Dollar Index is down 0.239 at 92.785. The December 30-year T-Bond is up 11/32nds, while December gold is up $9.10 at $1,870.70 and December crude oil is up $0.15 at $41.60. Soybeans on China's Dalian Exchange were up 0.66% while soybean meal was down 0.28% and corn was up 0.55%.