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DTN Early Word Grains 06/08 05:56

8 Jun 2017
DTN Early Word Grains 06/08 05:56 Rollin', Rollin', Rollin'; Grains Just Keep on Rollin' July corn was 3 cents higher, July soybeans were 8 cents 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 3 cents higher, July soybeans were 8 cents higher, and July Kansas City (HRW) wheat was 5 cents higher. CME Globex Recap: Grains were all trading higher, except for oats, early Thursday morning as the complex continues to extend its early summer gains. Weather forecasts remain the catalyst pushing new-crop corn and Minneapolis spring wheat higher. Outside commodities were mostly higher with gains seen in softs and energies while metals, including gold, were mostly lower. The U.S. dollar index and DJIA futures were both showing gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 37.46 points (0.2%) higher at 21,173.69, the NASDAQ Composite gained 22.32 points (0.4%) to 6,297.38, and the S&P 500 added 3.81 points (0.2%) to 2,433.14 Wednesday. DJIA futures were 28 points higher early Thursday morning. Asian markets closed mostly higher with Japan's Nikkei down 75.36 points (0.4%), Hong Kong's Hang Seng up 88.90 points (0.3%), and China's Shanghai Composite adding 10.01 points (0.3%). European markets were trading mostly higher with London's FTSE 100 off 3.07 points, Germany's DAX up 44.68 points (0.4%), and France's CAC 40 gaining 13.84 points (0.3%). The euro was 0.0023 lower at 1.1233 while the U.S. dollar index was 0.20 higher at 96.90. September 30-year T-Bonds were 12/32 lower at 154'04 while August gold lost $6.50 to $1,286.70. Crude oil was $0.39 higher at $46.11 while Brent crude gained $0.50 to $48.56. China's Dalian soybean futures were higher while Malaysian palm oil futures were lower again overnight.