DTN Early Word Grains 04/24 05:55
A Little Here and a Little There
July corn was 1 cent lower, July soybeans were 1 cent lower, and July Kansas
City (HRW) wheat was 5 cents lower.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: July corn was 1 cent lower, July soybeans were 1 cent
lower, and July Kansas City (HRW) wheat was 5 cents lower.
CME Globex Recap: The grain and oilseed complex was mostly loser early
Tuesday morning, with winter wheat markets posting the largest loss. Corn,
soybeans, and spring wheat were within fractions of Monday's close after most
contracts posted narrow trading ranges. Kansas City and Chicago wheat, though,
were down 5 cents and 3 cents respectively. Metals and energies were mostly
higher, the latter following through on activity seen late in Monday's session.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 14.25 points (0.1%)
lower at 24,448.69, the NASDAQ Composite lost 17.53 points (0.2%) to 7,128.60,
and the S&P 500 rallied 0.15 point to 2,670.29 Monday. DJIA futures were 108
points higher early Tuesday morning. Asian markets closed higher with Japan's
Nikkei 225 up 190.08 points (0.9%), Hong Kong's Hang Seng gaining 381.84 points
(1.3%), and China's Shanghai Composite adding 60.92 points (2.0%). European
markets were trading mostly higher with London's FTSE 100 up 22.42 points
(0.3%), Germany's DAX gaining 40.18 points (0.3%), and France's CAC 40 off 4.66
points (0.1%). The euro was 0.0006 higher at 1.2214 while the U.S. dollar index
slipped 0.05 to 90.88. June 30-year T-Bonds were 5/32 higher at 143'04 while
June gold gained $4.90 to $1,328.90. Crude oil was $0.41 higher at $69.05 as
Brent crude rallied $0.25 to $74.96. China's Dalian soybean and Malaysian palm
oil futures were both lower again overnight.
Get your local Cash Bids emailed to you each morning from DTN – click here
to sign up for DTN Snapshot.