DTN Early Word Grains 12/14 05:53
14 Dec 2017
DTN Early Word Grains 12/14 05:53 Back to the Grind March corn was fractionally lower, January soybeans were 5 cents lower, and March Chicago (SRW) was fractionally lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally lower, January soybeans were 5 cents lower, and March Chicago (SRW) was fractionally lower. CME Globex Recap: Soybeans were under pressure again overnight, losing about a nickel through early Thursday morning. Light spillover pressure was seen in corn, though contracts only posted a 1 cent trading range for the session. Wheat was fractionally higher. Outside commodities were mixed with softs mostly higher, energies mostly lower, and metals showing a strong rally despite Wednesday's interest rate increase by the FOMC. DJJIA futures continue to rally while the U.S. dollar index, surprisingly, was lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 80.63 points (0.3%) higher at 24,585.43, the NASDAQ Composite gained 13.48 points (0.2%) to 6,875.80, and the S&P 500 slipped 1.26 points to 2,662.85 Wednesday. DJIA futures were 34 points higher early Thursday morning. Asian markets closed mostly lower with Japan's Nikkei 225 down 63.62 points (0.3%), Hong Kong's Hang Seng off 55.72 points (0.2%), and China's Shanghai Composite losing 10.60 points (0.3%). European markets were trading lower with London's FTSE 100 down 18.20 points (0.2%), Germany's DAX off 72.13 points (0.6%), and France's CAC 40 losing 23.42 points (0.4%). The euro gained 0.0003 to 1.1830 as the U.S. dollar index dipped 0.05 to 93.41. March 30-year T-Bonds were 10/32 lower at 153'12 while February gold gained $9.60 to $1,258.20. January bitcoin was $115 higher at $17,170. Crude oil was $0.01 lower at $56.59 while Brent crude added $0.05 to $62.49. China's Dalian soybean futures were mixed and Malaysian palm oil futures were lower again overnight.