DTN Early Word Grains 11/02 05:54
2 Nov 2017
DTN Early Word Grains 11/02 05:54 Houston, We Don't Have a Problem December corn was 1 cent higher, January soybeans were 5 cents higher, and December Chicago (SRW) wheat was 3 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, January soybeans were 5 cents higher, and December Chicago (SRW) wheat was 3 cents higher. CME Globex Recap: The Houston Astros won their first World Series Wednesday night meaning the 2017 baseball season is over, so fall harvest can't be far behind. Grain and oilseed markets seemed to celebrate the Astros' win with rallies seen nearly across the board with the exception being bean oil and Malaysian palm oil. Meanwhile softs and energies were mixed while metals were under pressure early Thursday morning. The U.S. dollar index was down slightly, showing no surprise to the FOMC leaving interest rates unchanged Wednesday while keeping the spotlight on December. DJIA futures were also off slightly to start the day. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 57.77 points (0.3%) higher at 23,435.01, the NASDAQ Composite lost 11.14 points (0.2%) to 6,716.53, and the S&P 500 added 4.10 points (0.2%) to 2,579.36 Wednesday. DJIA futures were 13 points lower early Thursday morning. Asian markets closed mostly lower with Japan's Nikkei 225 up 119.04 points (0.5%), Hong Kong's Hang Seng falling 75.42 points (0.3%), and China's Shanghai Composite off 12.60 points (0.4%). European markets were trading mostly lower with London's FTSE 100 up 6.33 points (0.1%), Germany's DAX down 21.41 points (0.2%) and France's CAC 40 losing 2.41 points. The U.S. dollar index lost 0.16 to 94.63. December 30-year T-Bonds were 1/32 higher at 152'25 while December gold fell $0.60 to $1,276.70. Crude oil was $0.10 higher at $54.40 while Brent crude slipped $0.08 at $60.41. China's Dalian soybean futures were higher and Malaysian palm oil futures were lower overnight.