DTN Early Word Grains 08/03 06:02
3 Aug 2018
DTN Early Word Grains 08/03 06:02 Crops Quietly Mixed Ahead of Unemployment Report December corn was up 1 3/4 cents, November soybeans were down 2 3/4 cents, and September Kansas City (HRW) wheat was up 1 1/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was up 1 3/4 cents, November soybeans were down 2 3/4 cents, and September Kansas City (HRW) wheat was up 1 1/4 cents. CME Globex Recap: Asian stock markets are mixed and European markets are modestly higher as investors cautiously come back after Thursday's trade war concerns. Corn and wheat prices are a little higher early Friday, but most outside commodities are lower ahead of a U.S. unemployment report at 7:30 a.m. CDT that will likely strengthen the case for a higher U.S. dollar. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 7.66 points at 25,326.16 and the S&P 500 up 13.86 points at 2,827.22 while the 10-year Treasury yield ended at 2.99%. Early Friday, DJIA futures were up 7 points. Asian markets are mixed with Japan's Nikkei 225 up 12.65 (0.1%) and China's Shanghai Composite down 27.58 (-1.0%). European markets are modestly higher with London's FTSE 100 up 35.76 points (0.5%), Germany's DAX up 59.75 points (0.5%), and France's CAC 40 up 16.33 points (0.3%). The euro was down .0008 and the U.S. dollar index was up 0.06 at 95.23. September 30-year T-Bonds were up a 4/32nd while December gold was down $4.40 at $1,215.70 and September crude oil was up $0.18 at $69.14. Soybeans on China's Dalian Exchange were steady to lower and Malaysian palm oil futures were down 0.1%.