DTN Early Word Grains 06/23 05:54
23 Jun 2017
DTN Early Word Grains 06/23 05:54 Cue Rebecca Black December corn was 1 cent higher, November soybeans were 2 cents higher, and July Kansas City (HRW) wheat was fractionally lower. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, November soybeans were 2 cents higher, and July Kansas City (HRW) wheat was fractionally lower. CME Globex Recap: It's Friday, and grains have started the day mostly in the green. Soybeans showed the strongest overnight gain as the market tried to recover some of Thursday's sell-off. Corn was quietly, as usual, higher. And the wheat complex was mixed with only Chicago showing early gains. Outside markets were mostly higher with metals up while softs and energies were mixed. The U.S. dollar index and DJIA futures were both showing losses. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 12.74 points lower at 21,397.29, the NASDAQ Composite added 2.73 points to 6,236.69, and the S&P 500 dipped 1.11 points to 2,434.50 Thursday. DJIA futures were 17 points lower early Friday morning. Asian markets closed mostly higher with Japan's Nikkei up 22.16 points (0.1%), Hong Kong's Hang Seng losing 4.48 points, and China's Shanghai Composite adding 10.42 points (0.3%). European markets were trading lower with London's FTSE 100 down 33.23 points (0.4%), Germany's DAX losing 64.32 points (0.5%), and France's CAC 40 off 23.06 points (0.4%). The euro was 0.0021 higher at 1.1173 while the U.S. dollar index was 0.17 lower at 97.37. September 30-year T-Bonds were 2/32 lower at 156'13 while August gold rallied $8.50 to $1,258.00. Crude oil was $0.16 higher at $42.90 while Brent crude added $0.18 to $45.40. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.