DTN Early Word Grains 12/02 05:57
2 Dec 2016
DTN Early Word Grains 12/02 05:57 Jobs Friday Off to a Tentative Start March corn was 1 cent higher, January soybeans were 1 cent higher, and March Chicago wheat was 4 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 1 cent higher, January soybeans were 1 cent higher, and March Chicago wheat was 4 cents higher. CME Globex Recap: It should be a big weekend for financial markets, bookended by Friday's U.S. November nonfarm payroll and unemployment rate figures and Sunday's Italian referendum vote on constitutional changes. Early Friday finds markets mostly quiet, though the energy complex has relaxed a bit. It's the same-old-same-old in grains, with light overnight buying that won't last through the day session providing support. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 68.35 points (0.4%) higher at 19,191.93. The NASDAQ Composite lost 72.57 points (1.4%) to 5,251.11, and the S&P 500 fell 7.73 points (0.4%) to close at 2,191.08 Thursday. DJIA futures were 29 points lower Friday morning. Asian markets were lower with Japan's Nikkei down 87.04 points (0.5%), Hong Kong's Hang Seng Index lost 313.41 points (1.4%), and China's Shanghai Composite dipped 28.47 points (0.9%). European markets were also lower Friday with London's FTSE 100 down 58.84 points (0.9%), Germany's DAX falling 90.26 points (0.9%), and France's CAC 40 off 53.32 points (1.2%). Italy's FTSE MIB was down 107.85 points (0.6%) ahead of Sunday's vote. The U.S. dollar index was 0.06 lower at 100.98. Crude oil slipped $0.61 to $50.45 while Brent crude fell $0.78 to $53.16. December gold was $2.80 higher at $1,172.20. China's Dalian soybean futures were higher while Malaysian palm oil futures were mixed overnight.