DTN Early Word Grains 08/17 05:55
Europe Shows End-of-Week Wheat Rally
December corn was up 2 1/4 cents, November soybeans were down 3/4 cent, and
December K.C. wheat was up 16 1/4 cents.
By Todd Hultman
6:00 a.m. CME Globex: December corn was up 2 1/4 cents, November soybeans
were down 3/4 cent, and December K.C. wheat was up 16 1/4 cents.
CME Globex Recap: European stocks and Dow Jones futures are a little lower
early Friday with the Turkish lira also trading lower after Bloomberg news
reported the U.S. threatened more sanctions against Turkey. Outside commodities
are mixed with crude oil a little higher. Grains are also mixed with K.C. wheat
prices attracting early commercial buying.
OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average up 396.32 points at 25,558.73 and the S&P 500 up 22.32 points at
2,840.69 while the 10-year Treasury yield ended at 2.87%. Early Friday, DJIA
futures were down 27 points. Asian markets are mixed with Japan's Nikkei 225 up
78.34 (0.3%) and China's Shanghai Composite down 36.23 (-1.3%). European
markets are a little lower with London's FTSE 100 down 8.94 points (-0.1%),
Germany's DAX down 26.99 points (-0.2%), and France's CAC 40 down 0.43 points
(-0.01%). The euro was up .0028 and the U.S. dollar index was down 0.16 at
96.44. September 30-year T-Bonds were up 14/32nds while December gold was up
$0.20 at $1,184.20 and September crude oil was up $0.21 at $65.67. Soybeans on
China's Dalian Exchange were a little lower and Malaysian palm oil futures were
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