DTN Early Word Grains 10/04 05:55
4 Oct 2017
DTN Early Word Grains 10/04 05:55 A C.W. McCall Kind of Day December corn was 1 cent lower, November soybeans were 1 cent higher, and December Chicago (SRW) wheat was fractionally lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent lower, November soybeans were 1 cent higher, and December Chicago (SRW) wheat was fractionally lower. CME Globex Recap: It goes without saying, after so many days, that the grain and oilseed complex was quiet overnight. As usual, corn barely moved, wheat was fractionally lower, and soybeans imitated corn. Other commodities didn't do much either, though gold was able to rally on a weaker U.S. dollar. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 84.07 points (0.4%) higher at 22,641.67, the NASDAQ Composite gained 15.00 points (0.2%) to 6,531.71, and the S&P 500 added 5.46 points (0.2%) to 2,534.58 Tuesday. DJIA futures were 6 points lower early Wednesday morning. Asian markets closed higher with Japan's Nikkei up 12.59 points and Hong Kong's Hang Seng gaining 205.97 points (0.7%). European markets were trading mixed with London's FTSE 100 off 3.67 points, Germany's DAX up 11.17 points (0.1%), and France's CAC 40 down 18.26 points (0.3%). The euro was 0.0024 higher at 1.1769 while the U.S. dollar index slipped 0.28 to 93.34. December 30-year T-Bonds were 11/32 higher at 152'31 while December gold gained $6.00 to $1,280.60. Crude oil was $0.22 lower at $50.20 while Brent crude fell $0.23 to $55.77. China's Dalian soybean market was closed while Malaysian palm oil futures were higher again overnight.