DTN Early Word Grains 04/18 05:53
18 Apr 2018
DTN Early Word Grains 04/18 05:53 All's Quiet on a Wednesday Morning July corn was fractionally higher, July soybeans were 1 cent lower, and July Kansas City (HRW) wheat was 4 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was fractionally higher, July soybeans were 1 cent lower, and July Kansas City (HRW) wheat was 4 cents higher. CME Globex Recap: The grain and oilseed complex was relatively quiet overnight into Wednesday morning with wheat higher, soybeans showing a small loss, and -- you guessed it --- corn within fractions of Tuesday's close. The energy complex was a bit more active as crude oil rallied. Meanwhile, gold was quietly lower as the U.S. dollar index rallied. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 213.59 points (0.9%) higher at 24,786.63, the NASDAQ Composite gained 124.82 points (1.7%) to 7,281.10, and the S&P 500 rallied 28.55 points (1.1%) to 2,706.39 Tuesday. DJIA futures were 45 points higher early Wednesday morning. Asian markets closed higher with Japan's Nikkei 225 up 310.61 points (1.4%), Hong Kong's Hang Seng gaining 221.50 points (0.7%), and China's Shanghai Composite adding 24.60 points (0.8%). European markets were trading mostly higher with London's FTSE 100 up 53.65 points (0.7%), Germany's DAX down 6.61 points, and France's CAC 40 up 11.02 points (0.2%). The euro was 0.0003 lower at 1.2367 while the U.S. dollar index gained 0.18 to 89.66. June 30-year T-Bonds were 13/32 lower at 145'20 while June gold slipped $1.20 to $1,348.30. Crude oil was $0.56 higher at $67.08 as Brent crude added $0.48 to $72.06. China's Dalian soybean and Malaysian palm oil futures were both higher overnight.