News & Resources

DTN Early Word Grains 04/11 05:57

11 Apr 2018
DTN Early Word Grains 04/11 05:57 The Same, Just Different May corn was fractionally higher, May soybeans were 7 cents higher, and July Kansas City (HRW) wheat was 4 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally higher, May soybeans were 7 cents higher, and July Kansas City (HRW) wheat was 4 cents lower. CME Globex Recap: Markets were similar to what they were 24 hours ago, with soybeans rallying again, corn near unchanged, and the wheat complex under pressure. Crude oil extended its gains and the U.S. dollar index was lower. As for some markets changing direction, we have gold up and DJIA futures down triple-digits (of course) to start Wednesday. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 428.90 points (1.8%) higher at 24,408.00, the NASDAQ Composite gained 143.96 points (2.1%) to 7,094.30, and the S&P 500 rallied 43.71 points (1.7%) to 2,656.87 Tuesday. DJIA futures were 100 points lower early Wednesday morning. Asian markets closed mixed with Japan's Nikkei 225 down 107.22 points (0.5%), Hong Kong's Hang Seng up 168.97 points (0.6%) and China's Shanghai Composite adding 17.76 points (0.6%). European markets were trading mostly lower with London's FTSE 100 down 2.01 points, Germany's DAX falling 33.15 points (0.3%), and France's CAC 40 losing 16.23 points (0.3%). The euro was 0.0020 higher at 1.2376 while the U.S. dollar index lost another 0.12 to 89.50. June 30-year T-Bonds were 2/32 higher at 146'00 while June gold gained $3.60 to $1,349.50. Crude oil was $0.29 higher at $65.80 as Brent crude gained $0.16 to $71.20. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.