DTN Early Word Grains 09/14 05:54
14 Sep 2017
DTN Early Word Grains 09/14 05:54 Another Green Morning December corn was 2 cents higher, November soybeans were 4 cents higher, and December Chicago (SRW) wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 2 cents higher, November soybeans were 4 cents higher, and December Chicago (SRW) wheat was 2 cents higher. CME Globex Recap: The grain and oilseed complex continues to go green following USDA's latest round of crop production and supply and demand guesses, meaning overnight trade was higher once again. Soybeans continue to lead the way as announcements of new export sales are seen almost daily. Other commodity sectors were mixed with softs mostly lower (though Dec cotton finally found some buying interest), energies mostly higher, and metals lower. Financial markets were quiet overnight into Thursday morning. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 39.32 points (0.2%) higher at 22,158.18, the NASDAQ Composite gained 5.91 points (0.1%) to 6,460.19, and the S&P 500 rallied 1.89 points (0.1%) to 2,498.37 Wednesday. DJIA futures were 3 points lower early Thursday morning. Asian markets closed mostly lower with Japan's Nikkei down 58.38 points (0.3%), Hong Kong's Hang Seng losing 116.88 points (0.4%), and China's Shanghai Composite off 12.72 points (0.4%). European markets were trading mostly lower with London's FTSE 100 gaining 9.97 points (0.1%), Germany's DAX down 22.89 points (0.2%), and France's CAC 40 adding 0.12 point. The euro gained 0.0013 to 1.1898 while the U.S. dollar index dipped 0.06 to 92.35. December 30-year T-Bonds were 1/32 higher at 154'27 while December gold slipped $0.20 to $1,337.80. Crude oil was $0.33 higher at $49.63 while Brent crude gained $0.28 to $55.44. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight.