DTN Early Word Grains 06/03 07:05
3 Jun 2022
DTN Early Word Grains 06/03 07:05 Grains Quietly Mixed Early Friday July corn was up 1/2 cent, July soybeans were down 7 cents and July KC wheat was up 6 1/2 cents. Todd Hultman DTN Lead Analyst PRE-6 a.m. GLOBEX PRICES: July corn was up 1/2 cent, July soybeans were down 7 cents and July KC wheat was up 6 1/2 cents. CME GLOBEX RECAP: Early Friday, U.S. stocks on the Dow Jones Industrials are trading slightly lower with European stocks mixed as traders await the latest jobs data from the Labor Department, due out at 7:30 a.m. CDT. According to CNBC.com and a Dow Jones survey, analysts are expecting to see 328,000 jobs added to nonfarm payrolls in the month of May. USDA's weekly export sales report will also be released at 7:30 a.m., following last week's disappointing showing of old-crop sales. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 435.05 at 32,248.28 and the S&P 500 up 75.59 at 4,176.82 as the 10-Year Treasury yield ended at 2.91%, near the highest level in three and a half years. Early Friday, June Dow Jones futures are trading down 81 points. Asian markets are higher with Japan's Nikkei 225 index up 1.27% and China's Shanghai Composite Index up 0.42%. European markets are mixed with the spot futures of the London FTSE 100 trading down 0.98%, spot futures of Germany's DAX trading up 0.37% and spot futures of France's CAC Index trading up 0.21%. The June euro is up $0.0013 at $1.0756. The June U.S. Dollar Index is down 0.07 at 101.77. The June 30-year T-bond is steady, while June gold is down $3.40 at $1,868.0 and July crude oil is down $0.96 at $115.91. On China's Dalian exchange, September corn was down 0.7%, July soybeans were down 0.0%, September soybean meal was down 0.2% and September soybean oil was up 0.3%. June Malaysian palm oil is trading up 0.3%.