DTN Early Word Grains 11/06 05:43

DTN Early Word Grains 11/06 05:43 Corn and Soybeans Higher on South American Weather Worries, Wheat Lags December corn is up 1 3/4 cents per bushel, January soybeans are up 12 1/4 cents, December KC wheat is down 4 cents, December Chicago wheat is down 3 1/2 cents and December Minneapolis wheat is down 4 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 3/4 cents per bushel, January soybeans are up 12 1/4 cents, December KC wheat is down 4 cents, December Chicago wheat is down 3 1/2 cents and December Minneapolis wheat is down 4 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed as we begin the new week. U.S. markets are slightly higher, as is Asia. European markets are mixed. Last week, we had the strongest rally of the year in both the U.S. and the UK as market-determined interest rates fell sharply. The 10-year yield has moved from a brief touch of 5% two weeks ago, to Monday morning's trade at 4.59%. This is a significant fall in rates that helped mortgage rates fall this past week as well. This is considered good for the economy. Last week's pause by the Fed helped those rates fall, as did Friday's jobs report which was weaker than trade estimates. This week's economic data is light, as we will see the Trade Deficit and Consumer Credit reports on Tuesday, Wholesale Inventories on Wednesday, and Weekly Jobless Claims on Thursday. Friday is the Veterans Day holiday where the markets are open, but the federal government is closed. In ag markets, we will get Export inspections on Monday, Export Sales on Thursday, and most importantly, we will get the November Supply and Demand report on Thursday at 11 a.m. CST. Friday's CFTC report will be delayed until next Monday. Wednesday's ethanol production data will not be released as Department of Energy data will not be available next week. However, we will get an initial "long range projection" of USDA supply and demand data, as well as grain prices on Tuesday afternoon, which will be a starting point for traders to contemplate the 2024-2025 U.S. balance sheets. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 222.24 at 34,061.32 and the S&P 500 up 40.56 at 4,358.34, The 10-Year Treasury yield ended at 4.56%. Early Monday, the December Dow Jones Futures are up 25 points. European markets are mixed with the spot futures of London's FTSE 100 trading up 0.06%, spot futures of Germany's DAX is trading down 0.22% and the spot futures of France's CAC 40 Index down 0.32%. Asian markets are higher with Japan's Nikkei 225 Index up 2.37% and China's Shanghai Composite Index up 0.91%.