DTN Early Word Grains 11/06 05:49

DTN Early Word Grains 11/06 05:49 Grain Markets Lower on Election Results, Higher Dollar, and Worries About Future Chinese Demand December corn is down 1 1/4 cents per bushel, January soybeans are down 17 3/4 cents, December KC wheat is down 8 1/2 cents, December Chicago wheat is down 6 3/4 cents and December Minneapolis wheat is down 7 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 1 1/4 cents per bushel, January soybeans are down 17 3/4 cents, December KC wheat is down 8 1/2 cents, December Chicago wheat is down 6 3/4 cents and December Minneapolis wheat is down 7 cents. CME GLOBEX RECAP: World equity markets are mostly higher as it appears as the U.S. election has now been called for former President Trump. U.S. markets are sharply higher as a Trump administration is thought to be positive to corporate earnings with a chance of previous tax cuts now being extended. The impact on the U.S. budget is driving interest rates sharply higher as well, with bond prices falling sharply Wednesday morning. Higher interest rates are supporting the U.S. dollar, which is trading at its highest level since July. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average up 427.28 at 42,221.88 and the S&P 500 up 70.07 at 5,782.76. The 10-Year Treasury yield ended at 4.289%. Early Wednesday, the December Dow Jones Futures are up 1229 points. European markets are higher with the spot futures of London's FTSE 100 trading up 1.25%, spot futures of Germany's DAX is trading up 0.84% and the spot futures of France's CAC 40 Index up 1.22%. Asian markets are mixed with Japan's Nikkei 225 Index up 2.61% and China's Shanghai Composite Index down 0.09%.