DTN Early Word Grains 11/29 05:43

DTN Early Word Grains 11/29 05:43 Corn, Soybean Prices Start a Little Lower Early Wednesday EARLY MORNING GLOBEX NET CHANGES: March corn was down 1 cent, January soybeans were down 2 cents and March KC wheat was up 4 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: March corn was down 1 cent, January soybeans were down 2 cents and March KC wheat was up 4 cents. CME GLOBEX RECAP: Early Wednesday, Dow Jones futures are trading a little higher after a Federal Reserve Governor said rates were already high enough to bring inflation back down to its 2% target. A report on third-quarter U.S. GDP will be out at 7:30 a.m. CST. The U.S. Energy Department's weekly inventory report will follow at 9:30 a.m. Traders continue to keep close watch on South American weather and OPEC is set to meet Thursday. In other news, investing sage and long-time partner of Warren Buffett, Charlie Munger, died at the age of 99. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 83.51 at 35,416.98 and the S&P 500 Index up 4.46 at 4,554.89. The 10-Year Treasury yield ended at 4.34%, the lowest close in two months. Early Wednesday, December Dow Jones futures are up 93 points. European markets are mostly higher with the spot futures of the London FTSE 100 trading down 0.20%, spot futures of Germany's DAX trading up 1.04% and spot futures of France's CAC Index trading up 0.50%. Asian markets are lower with Japan's Nikkei 225 index down 0.26% and China's Shanghai Composite Index down 0.56%.