DTN Early Word Grains 09/28 05:56
28 Sep 2017
DTN Early Word Grains 09/28 05:56 Just Another Day December corn was 1 cent lower, November soybeans were 6 cents lower, and December Chicago (SRW) wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent lower, November soybeans were 6 cents lower, and December Chicago (SRW) wheat was 1 cent lower. CME Globex Recap: The global grain and oilseed complex was lower overnight with the early Thursday morning quote screen showing red for U.S. markets, canola, Malaysian palm oil, and China's Dalian soybeans and corn. Outside commodities fared little better with cotton under pressure again, energies mixed, and gold posting a small loss. The U.S. dollar index and DJIA futures were both taking a breather following Wednesday's higher session. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 56.39 points (0.2%) higher at 22,340.71, the NASDAQ Composite gained 73.10 points (1.1%) to 6,453.26, and the S&P 500 rallied 10.20 points (0.4%) to 2,507.04 Wednesday. DJIA futures were 10 points lower early Thursday morning. Asian markets closed mixed with Japan's Nikkei up 96.06 points (0.5%), Hong Kong's Hang Seng down 220.83 points (0.8%), and China's Shanghai Composite off 5.63 points (0.2%). European markets were trading higher with London's FTSE 100 up 2.47 points, Germany's DAX gaining 39.93 points (0.3%), and France's CAC 40 adding 8.19 points (0.1%). The euro was 0.0023 higher at 1.1767 while the U.S. dollar index dipped 0.09 to 93.36. December 30-year T-Bonds were 25/32 lower at 152'05 while December gold slipped $1.50 to $1,286.30. Crude oil was $0.54 higher at $52.68 while Brent crude gained $0.40 to $58.30. China's Dalian soybean and Malaysian palm oil futures were lower overnight.