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DTN Early Word Grains 11/05 05:48

5 Nov 2024
DTN Early Word Grains 11/05 05:48 Grain Markets Higher on Strong Demand December corn is up 3/4 cent per bushel, January soybeans are up 2 1/4 cents, December KC wheat is up 2 3/4 cents, December Chicago wheat is up 1 1/2 cents and December Minneapolis wheat is up 3 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 3/4 cent per bushel, January soybeans are up 2 1/4 cents, December KC wheat is up 2 3/4 cents, December Chicago wheat is up 1 1/2 cents and December Minneapolis wheat is up 3 cents. CME GLOBEX RECAP: World equity markets are higher after a quiet session on Monday where the world markets are nervously biding time ahead of the U.S. election Tuesday. U.S. markets are quietly higher as the Boeing strike was settled Monday night; an event that will help support the U.S. economy. In addition to the U.S. election, Tuesday brings new data on the U.S. trade deficit and the ISM services index. The markets will quickly be looking ahead to Thursday's Federal Reserve meeting, where traders are anticipating a 1/4 point rate cut from the Fed. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average down 257.59 at 41,794.60 and the S&P 500 down 16.11 at 5,712.69. The 10-Year Treasury yield ended at 4.309%. Early Tuesday, the December Dow Jones Futures are up 68 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.07%, spot futures of Germany's DAX is trading up 0.05% and the spot futures of France's CAC 40 Index up 0.11%. Asian markets are higher with Japan's Nikkei 225 Index up 0.5% and China's Shanghai Composite Index up 2.32%.