DTN Early Word Grains 11/19 05:59
19 Nov 2015
DTN Early Word Grains 11/19 05:59 Grains Mixed Early Thursday December corn was 1 cent higher, January soybeans were 2 cents lower, and December Chicago wheat was fractionally higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: December corn was 1 cent higher, January soybeans were 2 cents lower, and December Chicago wheat was fractionally higher. CME Globex Recap: Corn and soybeans saw increased trade volume overnight send the markets in opposite directions. Corn was able to rally, slightly, while soybeans remain under pressure. Wheat contracts were also higher, supported by a solid sell-off in the U.S. dollar index. The Bank of Japan kept its stimulus policy unchanged, supporting Asian stock markets and the yen against the dollar. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 247.66 points higher Wednesday at 17,737.16. The NASDAQ Composite was up 89.18 points at 5,075.20. DJIA futures were 63 points higher overnight. Asian markets were higher following the decision by the Bank of Japan with the Nikkei up 210.63 points at 19,859.81 and China's Shanghai Composite rallying 48.59 points (1.36%). European markets were also higher. The U.S. dollar index was down 0.469 at 99.183. Crude oil was $0.21 higher at $40.96 while Brent crude was $0.61 higher at $44.75. December gold was $4.00 higher at $1,072.70. Dalian soybean futures and Malaysian palm oil futures were both lower.