DTN Early Word Grains 09/01 05:55
1 Sep 2017
DTN Early Word Grains 09/01 05:55 Fall-o-through Buying December corn was 1 cent higher, November soybeans were 3 cents higher, and December Chicago (SRW) wheat was 4 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, November soybeans were 3 cents higher, and December Chicago (SRW) wheat was 4 cents higher. CME Globex Recap: Rather than turn around and give back some of Thursday's impressive gains, the grain and oilseed complex was trading higher early Friday morning on light follow-through buying. Energies turned lower after an explosive last day of August saw the expiring September contract reach $2.17. Financial markets were glowing green again ahead of the August nonfarm payroll and unemployment numbers. Gold was also higher after a big rally to close the previous month. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 55.67 points (0.2%) higher at 21,948.10, the NASDAQ Composite gained 60.35 points (1.0%) to 6,428.66, and the S&P 500 rallied 14.06 points (0.6%) to 2,471.65 Thursday. DJIA futures were 34 points higher early Friday morning. Asian markets closed mostly higher with Japan's Nikkei up 45.23 points (0.2%), Hong Kong's Hang Seng off 17.14 points, and China's Shanghai Composite gaining 6.31 points (0.2%). European markets were trading higher with London's FTSE 100 up 15.57 points (0.2%), Germany's DAX gaining 79.65 points (0.6%), and France's CAC 40 adding 43.00 points (0.8%). The euro lost 0.0018 to 1.1891 while the U.S. dollar index gained 0.09 to 92.65. December 30-year T-Bonds were 5/32 lower at 155'30 while December gold added $1.60 to $1,323.80. Crude oil was $0.53 lower at $46.70 while Brent crude slipped $0.50 to $52.36. China's Dalian soybean futures were lower overnight.