DTN Early Word Grains 11/13 05:50

DTN Early Word Grains 11/13 05:50 Grains Mixed to Close Week December corn is down 1/4 cent per bushel, January soybeans are up 1 3/4 cents, and December KC wheat is up 3/4 cent. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: December corn is down 1/4 cent per bushel, January soybeans are up 1 3/4 cents, and December KC wheat is up 3/4 cent. CME Globex Recap: Trade was mixed in equity markets around the globe overnight with U.S. futures pointing at a solid open Friday morning. Investors seem to be battling optimism about a coronavirus vaccine in 2021 but also the realization that economic activity could get worse before it gets better if lockdown measures and restrictions have to be enacted before the vaccine is distributed. Offsetting lockdown thoughts seems to be the idea that additional stimulus measures would accompany any closures. There doesn't seem to be any consensus in Washington, however, so time will tell. Energy markets are weaker Friday to close the week, although spot crude oil continues to hold the $40.00 mark. Grain markets are mixed with gains in the soy complex mostly offset by losses in corn and wheat. Our markets appear to have priced in most of the supportive data from Tuesday's WASDE report with traders reverting back to South American weather forecasts and the pace of Chinese buying. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 317.46 at 29,080.17 and the S&P 500 down 35.65 at 3,572.66 while the 10-year Treasury yield ended at 0.885%. Early Friday, the December DJIA futures are up 241 points. Asian markets are weaker with Japan's Nikkei 225 down 135.01 (0.53%) and China's Shanghai Composite down 28.57 points (0.86%). European markets are higher with London's FTSE 100 down 4.42 points (0.07%), Germany's DAX up 73.33 points (0.56%) and France's CAC 40 up 33.13 points (0.62%). The December euro is up 0.002 at 1.180 and the December U.S. Dollar Index is down 0.166 at 92.790. The December 30-year T-Bond is down 3/32nds, while December gold is up $4.70 at $1,878.00 and December crude oil is down $0.38 at $40.74. Soybeans on China's Dalian Exchange were down 0.41% while soybean meal was down 1.27% and corn was up 0.27%.