News & Resources

DTN Early Word Grains 08/10 05:57

10 Aug 2017
DTN Early Word Grains 08/10 05:57 High Noon (Eastern Time) December corn was unchanged, November soybeans were 5 cents higher, and September Chicago (SRW) wheat was fractionally lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was unchanged, November soybeans were 5 cents higher, and September Chicago (SRW) wheat was fractionally lower. CME Globex Recap: Grain and oilseed markets were quietly mixed early Thursday morning as traders await the release of USDA's monthly Supply and Demand and Crop Production reports at noon (ET). Outside commodities were mostly higher despite a rally in the U.S. dollar index. Gold remains supported by tension between the United States and North Korea. This same factor has global equities under pressure for a second consecutive day. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 36.64 points (0.2%) lower at 22,048.70, the NASDAQ Composite lost 18.13 points (0.3%) to 6,352.33, and the S&P 500 dipped 0.90 to 2,474.02 Wednesday. DJIA futures were 44 points lower early Thursday morning. Asian markets closed lower with Japan's Nikkei down 8.97 points, Hong Kong's Hang Seng losing 313.09 points (1.1%), and China's Shanghai Composite down 13.82 points (0.4%). European markets were trading lower with London's FTSE 100 off 80.53 points (1.1%), Germany's DAX off 86.80 points (0.7%), and France's CAC 40 losing 16.15 points (0.3%). The euro was 0.0048 lower at 1.1711 while the U.S. dollar index gained 0.26 to 93.76. September 30-year T-Bonds were 2/32 lower at 154'21 while December gold added $5.50 to $1,284.80. Crude oil was $0.23 higher at $49.79 while Brent crude gained $0.40 to $53.10. China's Dalian soybean and Malaysian palm oil futures were both higher again overnight.