DTN Early Word Grains 04/13 05:54
13 Apr 2018
DTN Early Word Grains 04/13 05:54 Just Another Not Not Different Day May corn was fractionally lower, May soybeans were 4 cents higher, and July Kansas City (HRW) wheat was 8 cents lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally lower, May soybeans were 4 cents higher, and July Kansas City (HRW) wheat was 8 cents lower. CME Globex Recap: If you've been following along this week, and I'm sure you have, you've picked up on the theme of overnight markets. Soybeans are higher, having forgotten how to trade in the red, while corn is near unchanged and wheat is lower. Meanwhile DJIA futures are trading higher, the U.S. dollar index is under pressure, and crude oil does its best attempt to rally. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 293.60 points (1.2%) higher at 24,483.05, the NASDAQ Composite gained 71.22 points (1.0%) to 7,140.25, and the S&P 500 rallied 21.80 points (0.8%) to 2,663.99 Thursday. DJIA futures were 63 points higher early Friday morning. Asian markets closed mixed with Japan's Nikkei 225 up 118.46 points (0.6%), Hong Kong's Hang Seng down 22.90 points and China's Shanghai Composite losing 21.11 points (0.7%). European markets were trading mostly higher with London's FTSE 100 down 4.54 points, Germany's DAX gaining 90.31 points (0.7%), and France's CAC 40 up 22.86 points (0.4%). The euro was 0.0006 higher at 1.2332 while the U.S. dollar index dropped 0.04 to 89.72. June 30-year T-Bonds were 2/32 higher at 145'14 while June gold gained $2.10 to $1,344.00. Crude oil was $0.32 higher at $67.39 as Brent crude rallied $0.30 to $72.32. China's Dalian soybean futures were mostly higher and Malaysian palm oil futures were lower again overnight.