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DTN Early Word Grains 10/24 05:59

24 Oct 2017
DTN Early Word Grains 10/24 05:59 A Little Red to Follow the Green December corn was 1 cent lower, November soybeans were 2 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 2 cents lower, and December Chicago (SRW) wheat was 1 cent lower. . CME Globex Recap: The grain and oilseed complex was mostly lower early Tuesday, not overly surprising given the solid rallies seen in corn and wheat Monday. Minneapolis spring wheat was able to move higher overnight, though it didn't show as strong of gains as winter wheat markets the previous session. Cotton also gave back some of its gains, while the energy complex was higher and gold was lower. The U.S. dollar remains firm, as DJIA futures rallied once again overnight. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 54.67 points (0.2%) lower at 23,273.96, the NASDAQ Composite lost 42.23 points (0.6%) to 6,586.83, and the S&P 500 fell 10.23 points (0.4%) to 2,564.98 Monday. DJIA futures were 48 points higher early Tuesday morning. Asian markets closed mostly higher with Japan's Nikkei up 108.52 points (0.5%), Hong Kong's Hang Seng down 150.91 points (0.5%), and China's Shanghai Composite gaining 7.55 points (0.2%). European markets were trading mostly higher with London's FTSE 100 off 0.68 point, Germany's DAX gaining 22.92 points (0.2%), and France's CAC 40 adding 12.78 points (0.2%). The euro was 0.0005 higher at 1.1755 while the U.S. dollar index gained 0.02 to 93.87. December 30-year T-Bonds were 15/32 lower at 151'27 while December gold dipped $0.90 to $1,280.00. Crude oil was $0.38 higher at $52.28 while Brent crude added $0.35 to $57.72. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.