DTN Early Word Grains 08/18 05:54
Another Green Market Morning
December corn was unchanged, November soybeans were 1 cent higher, and
December Chicago (SRW) wheat was 1 cent higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was unchanged, November soybeans were 1
cent higher, and December Chicago (SRW) wheat was 1 cent higher.
CME Globex Recap: Grain and oilseed markets were green early Friday morning,
with overnight trade quiet once again. Outside markets were mostly higher with
only natural gas showing a loss, support coming from a lower U.S. dollar. Also,
DJIA futures were showing a small loss following Thursday's 200-plus point
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 274.14 points (1.2%)
lower at 21,750.73, the NASDAQ Composite lost 123.20 points (1.9%) to 6,222.91,
and the S&P 500 fell 38.10 points (1.5%) to 2,430.01 Thursday. DJIA futures
were 1 point lower early Friday morning. Asian markets closed mostly lower with
Japan's Nikkei down 232.22 points (1.2%), Hong Kong's Hang Seng falling 296.65
points (1.1%) and China's Shanghai Composite adding 0.29 point. European
markets were trading lower with London's FTSE 100 down 64.88 points (0.9%),
Germany's DAX losing 71.98 points (0.6%), and France's CAC 40 off 51.95 points
(1.0%). The euro was 0.0017 higher at 1.1742 while the U.S. dollar index fell
0.13 to 93.55. September 30-year T-Bonds were 8/32 higher at 155'30 while
December gold added $8.90 to $1,301.40. Crude oil was $0.14 higher at $47.23
while Brent crude gained $0.04 to $51.07. China's Dalian soybean futures were
lower and Malaysian palm oil futures were higher again overnight.
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