DTN Early Word Grains 10/13 05:53
13 Oct 2017
DTN Early Word Grains 10/13 05:53 Welcome to Camp Crystal Lake December corn was fractionally lower, November soybeans were 3 cents higher, and December Chicago (SRW) wheat was fractionally higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally lower, November soybeans were 3 cents higher, and December Chicago (SRW) wheat was fractionally higher. CME Globex Recap: It's a quiet morning in the grain and oilseed complex, maybe too quiet for markets like corn and wheat that seem to get spooked easily. Soybeans seem unfazed by the roll of the calendar to Friday the 13th, with light follow-through buying from Thursday providing support. Elsewhere, the energy complex is off and running early with Brent crude up more than $1.00. The U.S. dollar index and gold are both near unchanged as DJIA futures posted an overnight gain. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 31.88 points (0.1%) lower at 22,841.01, the NASDAQ Composite lost 12.04 points (0.2%) to 6,591.51, and the S&P 500 dipped 4.31 points (0.2%) to 2,550.93 Thursday. DJIA futures were 14 points higher early Thursday morning. Asian markets closed mostly higher with Japan's Nikkei up 200.46 points (1.0%), Hong Kong's Hang Seng gaining 17.40 points, and China's Shanghai Composite up 4.42 points (0.1%). European markets were trading mostly higher with London's FTSE 100 off 15.04 points (0.2%), Germany's DAX adding 13.55 points (0.1%), and France's CAC 40 up 3.16 points. The euro was 0.0002 lower at 1.1829 while the U.S. dollar index slipped 0.03 to 93.07. December 30-year T-Bonds were unchanged at 153'03 while December gold lost $0.20 to $1,296.30. Crude oil was $0.91 higher at $51.51 while Brent crude rallied $1.19 to $57.44. China's Dalian soybean market was mixed and Malaysian palm oil futures were higher overnight.