DTN Early Word Grains 11/13 05:54
13 Nov 2017
DTN Early Word Grains 11/13 05:54 Back to the Grind December corn was 1 cent lower, January soybeans were 2 cents lower, and December Chicago (SRW) wheat was 5 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent lower, January soybeans were 2 cents lower, and December Chicago (SRW) wheat was 5 cents lower. CME Globex Recap: Another early Monday morning finds the grain and oilseed complex grinding lower again, this time with a bit more enthusiasm. Corn and soybeans were more than a penny lower, as opposed to the usual fractions in corn, while wheat contracts were down about a nickel. Other commodity sectors were mostly higher with gold showing a solid gain and crude oil pennies higher. The U.S. dollar index rallied while DJIA futures came under pressure again from overseas equities. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 39.73 points (0.2%) lower at 23,422.21, the NASDAQ Composite gained 0.89 point to 6,750.94, and the S&P 500 dipped 2.32 points (0.1%) to 2,582.30 Friday. DJIA futures were 35 points lower early Monday morning. Asian markets closed mostly lower with Japan's Nikkei 225 down 300.43 points (1.3%), Hong Kong's Hang Seng adding 61.26 points (0.2%), and China's Shanghai Composite up 15.16 points (0.4%). European markets were trading mostly lower with London's FTSE 100 up 9.66 points (0.1%), Germany's DAX off 35.63 points (0.3%), and France's CAC 40 losing 19.41 points (0.4%). The euro was 0.0018 lower at 1.1647 while the U.S. dollar index gained 0.16 to 94.55. December 30-year T-Bonds were 16/32 higher at 152'26 while December gold rallied $4.80 to $1,279.00. Crude oil was $0.03 higher at $56.77 while Brent crude dipped $0.07 to $63.45. China's Dalian soybean futures were mixed and Malaysian palm oil futures were lower overnight.