News & Resources

DTN Early Word Grains 09/08 05:58

8 Sep 2017
DTN Early Word Grains 09/08 05:58 The Gang's All Here December corn was 1 cent higher, November soybeans were 2 cents higher, and December Chicago (SRW) wheat was 1 cent higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, November soybeans were 2 cents higher, and December Chicago (SRW) wheat was 1 cent higher. CME Globex Recap: Grain and oilseed markets were higher across the board early Friday, due in part to the continued fall of the U.S. dollar. The greenback lost ground to other currencies, leading to another solid sell-off by the U.S. dollar index. Gold remains strong, posting a double-digit rally overnight before pulling back slightly. DJIA futures were lower, as global equity markets brace for what is expected to be another tense weekend of hurricanes and hydrogen bomb testing. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 22.86 points (0.1%) lower at 21,784.78, the NASDAQ Composite gained 4.55 points to 6,397.87, and the S&P 500 dipped 0.44 to 2,465.10 Thursday. DJIA futures were 64 points lower early Friday morning. Asian markets closed mostly lower with Japan's Nikkei down 121.70 points (0.6%), Hong Kong's Hang Seng rallied 145.55 points (0.5%), and China's Shanghai Composite down 0.25. European markets were trading mostly lower with London's FTSE 100 down 17.44 points (0.2%), Germany's DAX off 0.13 point, and France's CAC 40 losing 11.06 points (0.2%). The euro rallied 0.0008 to 1.1925 while the U.S. dollar index lost another 0.39 to 91.15, putting it at its lowest level since January 2015. December 30-year T-Bonds were 19/32 higher at 157'31 while December gold gained $8.70 to $1,359.00. Crude oil was $0.15 lower at $48.94 while Brent crude added $0.33 to $54.82. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight.