DTN Early Word Grains 02/09 05:55
9 Feb 2018
DTN Early Word Grains 02/09 05:55 The Faint Red Glow of Morning March corn was 2 cents lower, March soybeans were 4 cents lower, and July Kansas City (HRW) wheat was 4 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 2 cents lower, March soybeans were 4 cents lower, and July Kansas City (HRW) wheat was 4 cents lower. CME Globex Recap: The grains and oilseed complex was glowing a faint color of red early Friday as ass markets but bean oil and Malaysian palm oil were lower. Other commodity sectors were also down with pressure seen in both energies and metals. Softs, including cotton, were showing small gains. The U.S. dollar was slightly stronger while a triple-digit rally in DJIA futures points to another volatile session ahead. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 1,032.89 points (4.2%) lower at 23,860.89, the NASDAQ Composite lost 274.83 points (3.9%) to 6,777.16, and the S&P 500 fell 100.66 points (3.8%) to 2,581.00 Thursday. DJIA futures were 130 points higher early Friday morning. Asian markets closed lower with Japan's Nikkei 225 down 508.24 points (2.3%), Hong Kong's Hang Seng dropping 943.85 points (3.1%), and China's Shanghai Composite off 132.20 points (4.1%). European markets were trading lower with London's FTSE 100 down 19.07 points (0.3%), Germany's DAX off 46.61 points (0.4 and France's CAC 40 losing 23.59 points (0.5%). The euro was 0.0009 higher at 1.2257 while the U.S. dollar index added 0.06 to 90.34. March 30-year T-Bonds were 12/32 lower at 143'23 while April gold lost $2.20 to $1,316.80. Crude oil was $0.67 lower at $60.48 and Brent crude dropped $0.51 to $64.30. China's Dalian soybean and Malaysian palm oil futures were both higher again overnight.