DTN Early Word Grains 11/20 05:56
20 Nov 2017
DTN Early Word Grains 11/20 05:56 It's a Bloody Monday December corn was fractionally lower, January soybeans were 6 cents lower, and December Chicago (SRW) wheat was 4 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was fractionally lower, January soybeans were 6 cents lower, and December Chicago (SRW) wheat was 4 cents lower. CME Globex Recap: Regarding the title of this morning's commentary, you read with either an American meaning (commodity markets all in the red) or with a British dialect (bloody as a word to express annoyance or emphasis). The grain and oilseed complex showed little interest overnight in follow-through buying from Friday, led by soybeans. Wheat also took a hit while corn drifted lower. Most other commodities also struggled, with only cotton showing a small gain Monday morning. The U.S. dollar index was higher, but also well off its session high to start the day. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 100.12 points (0.4%) lower at 23,358.24, the NASDAQ Composite lost 10.50 points (0.2%) to 6,782.79, and the S&P 500 fell 6.79 points (0.3%) to 2,578.85 Friday. DJIA futures were 10 points lower early Monday morning. Asian markets closed mixed with Japan's Nikkei 225 down 134.04 points (0.6%), Hong Kong's Hang Seng gaining 61.27 points (0.2%), and China's Shanghai Composite up 9.49 points (0.3%). European markets were trading mostly higher with London's FTSE 100 off 1.08 points, Germany's DAX rallying 26.05 points, and France's CAC 40 adding 13.55 points (0.2%). The euro was 0.0005 lower at 1.1787 while the U.S. dollar index gained 0.07 to 93.74 after posting a high of 94.04 overnight. December 30-year T-Bonds were 10/32 higher at 154'03 while December gold fell $5.30 to $1,291.20. Crude oil was $0.20 lower at $56.35 while Brent crude lost $0.56 to $62.16. China's Dalian soybean futures were near higher and Malaysian palm oil futures were lower overnight.