DTN Early Word Grains 08/22 05:58
22 Aug 2018
DTN Early Word Grains 08/22 05:58 Row Crops, Wheat Remain Under Pressure Early December corn was down 2 1/4 cents, November soybeans were down 5 cents, and December K.C. wheat was down 7 1/4 cents. By Todd Hultman DTN Analyst 6:00 a.m. CME Globex: December corn was down 2 1/4 cents, November soybeans were down 5 cents, and December K.C. wheat was down 7 1/4 cents. CME Globex Recap: Major stock markets are off to a quiet start early with a slightly lower U.S. dollar and mixed commodity board outside of ag. The grain sector is mostly red early Wednesday with another day of moderate temperatures helping crops in late August. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average up 63.60 points at 25,822.29 and the S&P 500 up 5.91 points at 2,862.96 while the 10-year Treasury yield ended at 2.84%. Early Wednesday, DJIA futures were down 31 points. Asian markets are mixed with Japan's Nikkei 225 up 142.82 (0.6%) and China's Shanghai Composite down 19.22 (-0.7%). European markets are mostly higher with London's FTSE 100 up 11.90 points (0.2%), Germany's DAX down 3.06 points (-0.2%), and France's CAC 40 up 8.83 points (0.2%). The euro was up .0019 and the U.S. dollar index was down 0.14 at 95.01. September 30-year T-Bonds were up 10/32nds while December gold was up $4.20 at $1,204.20 and October crude oil was up $0.77 at $66.61. Soybeans on China's Dalian Exchange were a little higher and Malaysian palm oil futures were closed Wednesday.