DTN Early Word Grains 02/08 05:55
8 Feb 2016
DTN Early Word Grains 02/08 05:55 Big Game Hangover Blues March corn was 1 cent lower, March soybeans were 3 cents lower, and March Chicago wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 1 cent lower, March soybeans were 3 cents lower, and March Chicago wheat was 1 cent lower. CME Globex Recap: Commodities in general were lower early Monday morning with grain contracts at near overnight session lows. Only gold was higher, possibly buoyed by the number of times it was highlighted it last night's big game, the 50th national football championship. The U.S. dollar index was showing a small gain while DJIA futures were sharply lower. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 211.61 points lower at 16,204.97, the NASDAQ Composite was down 146.42 points at 4,363.14, and the S&P 500 fell 35.40 points to close at 1,880.05 Friday. DJIA futures were 194 points lower overnight. Asian markets were mostly higher with the Nikkei up 184.71 points (1.1%) while China's Shanghai Composite was closed for a weeklong national holiday. European markets were lower with London's FTSE 100 down 108.96 points (1.9%). The U.S. dollar index was 0.135 higher at 97.166. Crude oil was down $0.75 at $30.15 while Brent crude was off $0.69 to $33.37. April gold was $18.10 higher at $1,175.80.