DTN Early Word Grains 01/17 05:58
17 Jan 2018
DTN Early Word Grains 01/17 05:58 Mixed Morning March corn was fractionally higher, March soybeans were 1 cent lower, and March Chicago (SRW) wheat was unchanged. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally higher, March soybeans were 1 cent lower, and March Chicago (SRW) wheat was unchanged. CME Globex Recap: The grain and oilseed complex was mixed early Wednesday morning with soybeans lower, corn fractionally higher, Chicago wheat fractionally lower, Kansas City unchanged, and Minneapolis wheat fractionally higher. Outside sectors were just as confusing with energies mostly lower, metals mostly higher, and softs mixed. Both the U.S. dollar index and DJIA futures were showing gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 10.33 points lower at 25,792.86, the NASDAQ Composite lost 37.38 points (0.5%) to 7,223.69, and the S&P 500 dipped 9.82 points (0.3%) to 2,776.42 Tuesday. DJIA futures were 137 points higher early Wednesday morning. Asian markets closed mixed with Japan's Nikkei 225 down 83.47 points (0.3%), Hong Kong's Hang Seng gaining 78.86 points (0.3%), and China's Shanghai Composite adding 8.08 points (0.2%). European markets were trading mostly lower with London's FTSE 100 off 14.02 points (0.2%), Germany's DAX losing 25.32 points (0.2%), and France's CAC 40 down 7.25 points (0.1%). The euro lost 0.0026 to 1.2232 as the U.S. dollar index rallied 0.18 to 90.65. March 30-year T-Bonds were 4/32 lower at 150'22 while February gold added $0.60 to $1,337.70. Crude oil was $0.33 lower at $63.40 while Brent crude lost $0.47 to $68.68. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.