DTN Early Word Grains 11/27 06:05
27 Nov 2017
DTN Early Word Grains 11/27 06:05 Monday Morning Cyber Blues December corn was 1 cent lower, January soybeans were fractionally lower, and December Chicago (SRW) was 3 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent lower, January soybeans were fractionally lower, and December Chicago (SRW) was 3 cents lower. CME Globex Recap: With few exceptions, electronic markets were lower overnight into Cyber Monday morning. In the grain and oilseed complex only soybean meal was show small gains, softs saw only sugar holding above unchanged, while the lone wolf in energies was natural gas. Metals had moved mostly higher though with gold rallying on a sell-off in the U.S. dollar. DJIA futures were also higher. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 31.81 points (0.1%) higher at 23,557.99, the NASDAQ Composite gained 21.80 points (0.3%) to 6,889.16, and the S&P 500 rallied 5.34 points (0.2%) to 2,602.42 Friday. DJIA futures were 31 points higher early Monday morning. Asian markets closed mostly lower with Japan's Nikkei 225 off 54.86 points (0.2%), Hong Kong's Hang Seng down 180.13 points (0.6%), and China's Shanghai Composite losing 31.59 points (0.9%). European markets were trading mostly higher with London's FTSE 100 up 25.39 points (0.3%), Germany's DAX gaining 11.81 points (0.1%), and France's CAC 40 rallying 13.53 points (0.2%). The U.S. dollar index dipped 0.07 to 92.68. December 30-year T-Bonds were 3/32 lower at 154'05 while December gold gained $6.50 to $1,293.80. Crude oil was $0.51 lower at $58.44 while Brent crude slipped $0.29 to $63.57. China's Dalian soybean and Malaysian palm oil futures were both lower overnight.