DTN Early Word Grains 10/19 05:52
19 Oct 2017
DTN Early Word Grains 10/19 05:52 Black Monday's 30th Thursday December corn was 1 cent higher, November soybeans were 2 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 1 cent higher, November soybeans were 2 cents higher, and December Chicago (SRW) wheat was fractionally higher. CME Globex Recap: Global equity markets will mark the 30th anniversary of Black Monday by watching the DJIA as it sits above 23,000. Overnight trade showed DJIA futures considerably lower, following world stock markets. The grain and oilseed complex was mixed, led by a modest rally in soybeans. Other commodity sectors were mixed with softs higher, energies lower and metals mixed. The U.S. dollar index was under light pressure early Thursday morning. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 160.16 points (0.7%) higher at 23,157.60, the NASDAQ Composite added 0.56 point to 6,624.22, and the S&P 500 gained 1.90 points to 2,561.26 Wednesday. DJIA futures were 82 points lower early Thursday morning. Asian markets closed mostly lower with Japan's Nikkei up 85.47 points (0.4%), Hong Kong's Hang Seng falling 552.67 points (1.9%), and China's Shanghai Composite down 11.62 points (0.3%). European markets were trading lower with London's FTSE 100 down 21.57 points (0.3%), Germany's DAX losing 73.34 points (0.6%), and France's CAC 40 off 22.76 points (0.4%). The euro was 0.0026 higher at 1.1813 while the U.S. dollar index dipped 0.11 to 93.31. December 30-year T-Bonds were 12/32 higher at 153'13 while December gold gained $4.10 to $1,287.10. Crude oil was $0.70 lower at $51.34 while Brent crude lost $0.69 to $57.46. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.