DTN Early Word Grains 11/28 05:58
28 Nov 2017
DTN Early Word Grains 11/28 05:58 Another Red Number Morning, Mostly March corn was 2 cents lower, January soybeans were 4 cents lower, and March Chicago (SRW) was unchanged. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 2 cents lower, January soybeans were 4 cents lower, and March Chicago (SRW) was unchanged. CME Globex Recap: Similar to 24 hours ago, most of the electronic markets are lower early Tuesday morning. The exceptions are winter wheat, soybean oil, canola, and natural gas. The U.S. dollar index was up slightly, though commodities seem to be in a funk regardless of how the dollar moves. DJIA futures were also higher, pointing to continued buying when the Big Board opens. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 22.79 points (0.1%) higher at 23,580.78, the NASDAQ Composite lost 10.64 points (0.1%) to 6,878.52, and the S&P 500 fell 1.00 point to 2,601.42 Monday. DJIA futures were 31 points higher early Tuesday morning. Asian markets closed mostly lower with Japan's Nikkei 225 off 9.75 points, Hong Kong's Hang Seng down 5.34 points, and China's Shanghai Composite gaining 11.43 points (0.3%). European markets were trading mostly higher with London's FTSE 100 up 42.35 points (0.5%), Germany's DAX gaining 51.78 points (0.4%), and France's CAC 40 rallying 30.51 points (0.6%). The euro gained 0.0009 to 1.1909 as the U.S. dollar index added 0.13 to 93.03. December 30-year T-Bonds were 4/32 lower at 154'07 while December gold lost $1.40 to $1,293.00. Crude oil was $0.54 lower at $57.57 while Brent crude slipped $0.59 to $63.25. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.