DTN Early Word Grains 12/03 05:44

DTN Early Word Grains 12/03 05:44 Grain Markets Higher With Wheat Rebounding From Oversold Conditions March corn is up 1 1/2 cents per bushel, January soybeans are up 5 1/2 cents, March KC wheat is up 6 cents, March Chicago wheat is up 5 cents and March Minneapolis wheat is up 6 3/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is up 1 1/2 cents per bushel, January soybeans are up 5 1/2 cents, March KC wheat is up 6 cents, March Chicago wheat is up 5 cents and March Minneapolis wheat is up 6 3/4 cents. CME GLOBEX RECAP: World equity markets are mostly higher on Tuesday morning, after a mixed Monday in U.S. equities where the DJIA fell slightly while the S&P 500 rose modestly and closed at a new lifetime high. The ISM manufacturing index was released on Monday and was announced at 48.4, up from 46.5 in October and above the pre-trade estimates of 47.7. This figure shows U.S. manufacturing is still in contraction, but better than a month ago. Later Tuesday morning we will see the job openings (JOLT) report and auto sales. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average down 128.65 at 44,782.0 and the S&P 500 up 14.77 at 6,047.15. The 10-Year Treasury yield ended at 4.196%. Early Tuesday, the December Dow Jones Futures are down 6 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.79%, spot futures of Germany's DAX is trading up 0.4% and the spot futures of France's CAC 40 Index up 0.59%. Asian markets are higher with Japan's Nikkei 225 Index up 1.91% and China's Shanghai Composite Index up 0.44%.