DTN Early Word Grains 11/14 05:44
Mixed Grain Markets in Quiet Overnight Trade
December corn was up 1/4 cent, November soybeans were up 2 cents, and
December KC wheat was down 1/4 cent.
DTN Contributing Analyst
Pre-5:00 a.m. CME Globex: December corn was up 1/4 cent, November soybeans
were up 2 cents, and December KC wheat was down 1/4 cent.
CME Globex Recap: Financial markets are mixed with the energy complex trying
to stabilize after the worst drawdown since the 2009 financial crisis. The U.S.
Dollar Index is firmer but off highs posted Monday. Grain markets are quietly
mixed with most contracts posting sideways to lower short-term price direction.
The closer we get to Thanksgiving, the closer we are to the holiday doldrums.
OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial
Average down 100.69 points at 25,286.49 and the S&P 500 down 4.04 points at
2,722.18, while the 10-year Treasury yield ended at 3.147%. Early Wednesday,
DJIA futures are down 26.00 points. Asian markets were mixed with Japan's
Nikkei 225 up 35.96 points (0.16%) and China's Shanghai Composite down 22.64
points (-0.85%). European markets are lower with London's FTSE 100 down 32.75
points (-0.46%), Germany's DAX down 69.94 points (-0.61%), and France's CAC 40
down 36.09 points (-0.71%). The euro was up $0.00140 at $1.12875 and the U.S.
Dollar Index was up 0.3450 at 97.3020. September 30-year T-Bonds were up
4/32nds, December gold down $2.40 at $1199.00 and December crude oil up $0.21
at $55.90. Soybeans on China's Dalian Exchange closed down 0.46% and soymeal
closed down 0.96%.
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