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DTN Early Word Grains 12/30 06:04

30 Dec 2016
DTN Early Word Grains 12/30 06:04 On the Twelfth Day of Christmas... March corn was 1 cent lower, March soybeans were unchanged, and March Chicago wheat was 1 cent higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was 1 cent lower, March soybeans were unchanged, and March Chicago wheat was 1 cent higher. CME Globex Recap: Heading into the last trading day of the week, month, and year the commodity sector was mixed. Support came from continued weakness of the U.S. dollar index with pressure tied to a general lack of interest with the final three-day holiday weekend approaching. Grains were the essence of mixed with corn down 1 cent, wheat up 1 cent, and soybeans near unchanged. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 13.90 points lower at 19,819.78. The NASDAQ Composite dipped 6.47 points (0.1%) to 5,432.09 and the S&P 500 slipped 0.66 point to close at 2,249.26 Thursday. DJIA futures were 27 points higher early Friday morning. Asian markets were mostly higher with Japan's Nikkei down 30.77 points (0.2%), Hong Kong's Hang Seng was up 209.65 points (1.0%), and China's Shanghai Composite rallied 7.54 points (0.2%). European markets were mostly lower Friday with London's FTSE 100 losing 28.60 points (0.4%), Germany's DAX off 29.72 points (0.3%), and France's CAC 40 down 11.20 points (0.2%). The U.S. dollar index was 0.35 lower at 102.30. March 30-year T-Bonds were down 4/32 at 149'25 while February gold added $1.90 to $1,160.00. Crude oil added $0.04 to $53.81 while Brent crude was $0.05 lower at $56.80. Dalian soybean futures were mostly lower while Malaysian palm oil futures were higher overnight.