DTN Early Word Grains 01/25 05:53
25 Jan 2022
DTN Early Word Grains 01/25 05:53 Grains Mixed; Wheat Keeps Pushing Higher March corn was down 1/4 cent, March soybeans were up 1 cent and March KC wheat was up 9 1/2 cents. Todd Hultman DTN Lead Analyst Pre-6 a.m. Globex Prices: March corn was down 1/4 cent, March soybeans were up 1 cent and March KC wheat was up 9 1/2 cents. CME Globex Recap: Early Tuesday, Dow Jones futures are trading lower after having just survived a volatile Monday with a small positive gain. This is a week of many earnings reports and it is Microsoft's turn later Tuesday. Meanwhile, traders are anticipating Wednesday's Federal Reserve announcement to move the Fed closer to an interest rate hike, possibly in March. According to CNBC.com, 8,500 U.S. troops are preparing to deploy to eastern Europe as part of a response to a possible invasion of Ukraine. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 99.13 at 34,364.50 and the S&P 500 up 12.19 at 4,410.13 as the 10-Year Treasury yield eased to 1.73%. Early Tuesday, March Dow Jones futures are trading down 173 points. Asian markets are lower with Japan's Nikkei 225 index down 1.66% and China's Shanghai Composite Index down 2.58%. European markets are higher with the spot futures of the London FTSE 100 trading up 1.00%, spot futures of Germany's DAX trading up 0.80% and spot futures of France's CAC Index trading up 1.21%. The March euro is down $0.0032 at $1.130. The March U.S. Dollar Index is up 0.21 at 96.11. The March 30-year T-bond is down 31/32nds, while February gold is down $3.60 at $1,838.10 and March crude oil is up $1.13 at $84.44. On China's Dalian exchange, May corn was up 0.4%, March soybeans were down 1.3%, May soybean meal was down 0.9% and May soybean oil was down 2.2%. March Malaysian palm oil is trading up 0.4%.