DTN Early Word Grains 09/05 05:54
5 Sep 2017
DTN Early Word Grains 09/05 05:54 Grains Trucking Higher Early Tuesday December corn was 3 cents higher, November soybeans were 12 cents higher, and December Chicago (SRW) wheat was 6 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 3 cents higher, November soybeans were 12 cents higher, and December Chicago (SRW) wheat was 6 cents higher. CME Globex Recap: Commodity markets in general were higher early Tuesday morning, despite slight gains made by the U.S. dollar index. The grain and oilseed complex was led once again by commercial buying in soybeans, with noncommercial interest noted in corn. Weather across the U.S. Midwest was cool with no frost scare to start the holiday shortened week. RBOB gasoline futures were in the process of giving back some Harvey-related gains while increasing world tensions, most notably due to North Korea, had gold at its highest price in a year. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 39.46 points (0.2%) higher at 21,987.56, the NASDAQ Composite gained 6.67 points (0.1%) to 6,435.33, and the S&P 500 rallied 4.90 points (0.2%) to 2,476.55 Friday. DJIA futures were 47 points lower early Monday morning as North Korea reportedly contemplates another nuclear test. Asian markets closed mostly higher with Japan's Nikkei down 122.44 points (0.6%), Hong Kong's Hang Seng rallied 1.09 points, and China's Shanghai Composite adding 4.73 points (0.1%). European markets were trading higher with London's FTSE 100 up 16.75 points (0.2%), Germany's DAX gaining 100.29 points (0.8%), and France's CAC 40 adding 15.76 points (0.3%). The euro lost 0.0048 to 1.1862 while the U.S. dollar index gained 0.07 to 92.67. December 30-year T-Bonds were 1/32 higher at 155'07 while December gold rallied $6.20 to $1,336.60. Crude oil was $0.47 higher at $47.76 while Brent crude added $0.06 to $52.40. Malaysian palm oil futures were higher overnight.