DTN Early Word Grains 12/01 05:41

DTN Early Word Grains 12/01 05:41 US Crop Prices Start December in The Red EARLY MORNING GLOBEX NET CHANGES: March corn was down 2 cents, January soybeans were down 15 cents and March KC wheat was down 11 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: March corn was down 2 cents, January soybeans were down 15 cents and March KC wheat was down 11 cents. CME GLOBEX RECAP: Early Friday, Dow Jones futures are trading higher after CNBC.com reported the index ended with its best monthly performance in over a year. Manufacturing indices from overnight showed contraction for several Asian economies, but China showed slight expansion and India once again showed strong expansion. Most economies in Europe continued to show contraction. The Institute of Supply Management's manufacturing index for the U.S. will be released at 9 a.m. CST. At 2 p.m., USDA's NASS releases its monthly Fats and Oils report and grain traders continue to keep a close eye on weather in South America. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 520.47 at 35,950.89 and the S&P 500 Index up 17.22 at 4,567.80. The 10-Year Treasury yield ended at 4.35%. Early Friday, December Dow Jones futures are up 50 points. European markets are higher with the spot futures of the London FTSE 100 trading up 0.87%, spot futures of Germany's DAX trading up 0.67% and spot futures of France's CAC Index trading up 0.40%. Asian markets are mixed with Japan's Nikkei 225 index down 0.17% and China's Shanghai Composite Index up 0.06%.