DTN Early Word Grains 09/18 05:54
18 Sep 2017
DTN Early Word Grains 09/18 05:54 Green Beans For Breakfast Again December corn was fractionally lower, November soybeans were 2 cents higher, and December Chicago (SRW) wheat was 2 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally lower, November soybeans were 2 cents higher, and December Chicago (SRW) wheat was 2 cents lower. CME Globex Recap: Grains and oilseed markets traded either side of unchanged overnight with corn and wheat back in the red early Monday while soybeans stayed higher. Outside markets (softs, energies, metals) were mixed while the U.S. dollar index posted a small gain and DJIA futures showed solid strength. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 64.86 points (0.3%) higher at 22,268.34, the NASDAQ Composite gained 19.38 points (0.3%) to 6,448.47, and the S&P 500 gained 4.61 points (0.2%) to 2,500.23 Friday. DJIA futures were 59 points higher early Monday morning. Asian markets closed higher with Japan's Nikkei closed for holiday, Hong Kong's Hang Seng gaining 352.18 points (1.3%), and China's Shanghai Composite up 9.24 points (0.3%). European markets were trading mostly higher with London's FTSE 100 up 23.77 points (0.3%), Germany's DAX gaining 72.11 points (0.6%), and France's CAC 40 rallying 23.35 points (0.5%). The U.S. dollar index gained 0.06 to 91.91. December 30-year T-Bonds were 4/32 lower at 154'29 while December gold lost $7.10 to $1,318.10. Crude oil was $0.03 higher at $49.92 while Brent crude gained $0.08 to $55.70. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.