DTN Early Word Grains 04/19 05:54
Meanwhile, Down on the Farm...
July corn was fractionally lower, July soybeans were fractionally higher,
and July Kansas City (HRW) wheat was 5 cents higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: July corn was fractionally lower, July soybeans were
fractionally higher, and July Kansas City (HRW) wheat was 5 cents higher.
CME Globex Recap: Early Thursday morning shows the grain and oilseed complex
quiet, with most contracts near unchanged. Meanwhile, Kansas City HRW wheat was
able to gain back another nickel of the recent sell-off. The energy complex was
mostly higher while metals were lower. The U.S. dollar index was showing a
small gain while DJIA futures saw light selling interest.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 38.56 points (0.2%)
lower at 24,748.07, the NASDAQ Composite gained 14.14 points (0.2%) to
7,295.24, and the S&P 500 rallied 2.25 points (0.1%) to 2,708.64 Wednesday.
DJIA futures were 24 points lower early Thursday morning. Asian markets closed
higher with Japan's Nikkei 225 up 32.98 points (0.2%), Hong Kong's Hang Seng
gaining 424.19 points (1.4%), and China's Shanghai Composite adding 25.98
points (0.8%). European markets were trading mostly higher with London's FTSE
100 up 16.04 points (0.2%), Germany's DAX down 6.44 points, and France's CAC 40
up 11.20 points (0.2%). The euro was 0.0005 lower at 1.2370 while the U.S.
dollar index gained 0.07 to 89.67. June 30-year T-Bonds were 24/32 lower at
144'06 while June gold lost $3.90 to $1,349.50. Crude oil was $0.35 higher at
$68.82 as Brent crude rallied another $0.43 to $73.91. China's Dalian soybean
futures were lower and Malaysian palm oil futures near unchanged overnight.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot