DTN Early Word Grains 01/17 05:58
March corn was fractionally higher, March soybeans were 1 cent lower, and
March Chicago (SRW) wheat was unchanged.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: March corn was fractionally higher, March soybeans were
1 cent lower, and March Chicago (SRW) wheat was unchanged.
CME Globex Recap: The grain and oilseed complex was mixed early Wednesday
morning with soybeans lower, corn fractionally higher, Chicago wheat
fractionally lower, Kansas City unchanged, and Minneapolis wheat fractionally
higher. Outside sectors were just as confusing with energies mostly lower,
metals mostly higher, and softs mixed. Both the U.S. dollar index and DJIA
futures were showing gains.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 10.33 points lower
at 25,792.86, the NASDAQ Composite lost 37.38 points (0.5%) to 7,223.69, and
the S&P 500 dipped 9.82 points (0.3%) to 2,776.42 Tuesday. DJIA futures were
137 points higher early Wednesday morning. Asian markets closed mixed with
Japan's Nikkei 225 down 83.47 points (0.3%), Hong Kong's Hang Seng gaining
78.86 points (0.3%), and China's Shanghai Composite adding 8.08 points (0.2%).
European markets were trading mostly lower with London's FTSE 100 off 14.02
points (0.2%), Germany's DAX losing 25.32 points (0.2%), and France's CAC 40
down 7.25 points (0.1%). The euro lost 0.0026 to 1.2232 as the U.S. dollar
index rallied 0.18 to 90.65. March 30-year T-Bonds were 4/32 lower at 150'22
while February gold added $0.60 to $1,337.70. Crude oil was $0.33 lower at
$63.40 while Brent crude lost $0.47 to $68.68. China's Dalian soybean and
Malaysian palm oil futures were both lower again overnight.
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