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DTN Early Word Grains 10/31 05:57

31 Oct 2017
DTN Early Word Grains 10/31 05:57 Forget Halloween, It's Groundhog Day Again December corn was fractionally lower, November soybeans were 2 cents higher, and December Chicago (SRW) wheat was fractionlly lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally lower, November soybeans were 2 cents higher, and December Chicago (SRW) wheat was fractionlly lower. CME Globex Recap: Tuesday morning is similar to Monday morning, which was similar to many mornings before. Corn and wheat are fractionally changed and soybeans are higher. All that's missing is Sonny and Cher coming on the radio. There was little fresh news overnight, though DJIA futures were able to rally again, pulling the U.S. dollar index higher as well. This led to small sell-offs in gold and a mixed energy complex. Softs, including cotton, were under pressure across the board. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 85.45 points (0.4%) lower at 23,348.74, the NASDAQ Composite lost 2.30 points to 6,698.96, and the S&P 500 fell 8.24 points (0.3%) to 2,572.83 Monday. DJIA futures were 36 points higher early Tuesday morning. Asian markets closed mostly lower with Japan's Nikkei 225 off 0.06 point, Hong Kong's Hang Seng down 90.65 points (0.3%), and China's Shanghai Composite up 3.00 points. European markets were trading higher with London's FTSE 100 up 27.35 points (0.4%), Germany's DAX gaining 12.03 points (0.1%) and France's CAC 40 adding 10.67 points (0.2%). The euro was 0.0014 lower at 1.1636 while the U.S. dollar index gained 0.09 to 94.61. December 30-year T-Bonds were 3/32 lower at 152'09 while December gold dipped $1.80 to $1,275.90. Crude oil was $0.01 lower at $54.14 while Brent crude slipped $0.05 at $60.85. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight.