News & Resources

DTN Early Word Grains 03/17 05:55

17 Mar 2017
DTN Early Word Grains 03/17 05:55 Mostly Green on Friday May corn was fractionally lower, May soybeans were 2 cents higher, and July Kansas City (HRW) wheat was fractionally higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was fractionally lower, May soybeans were 2 cents higher, and July Kansas City (HRW) wheat was fractionally higher. CME Globex Recap: Most markets were in the green, higher, again Friday with corn and wheat holding near unchanged from Thursday's close. Soybeans rallied again overnight with contracts near session highs early Friday morning. Energies were higher, except for natural gas after establishing a short-term downtrend earlier in the week. Gold was also green on follow-through buying from Thursday's strong rally. DJIA futures were sitting near unchanged while the U.S. dollar index drifted lower again. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 15.55 points (0.1%) lower at 20,934.55. The NASDAQ Composite gained 0.71 point to 5,900.76 and the S&P 500 dipped 3.88 points (0.2%) to 2,381.38 Thursday. DJIA futures were unchanged early Thursday morning. Asian markets were mixed with Japan's Nikkei down 68.55 points (0.4%), Hong Kong's Hang Seng gained 21.65 points (0.1%), and China's Shanghai Composite fell 31.49 points (1.0%). European markets were also mixed Friday with London's FTSE 100 adding 2.79 points, Germany's DAX off 12.46 points (0.1%), and France's CAC 40 up 14.78 points (0.3%). The euro was 0.0003 higher at 1.0771 while the U.S. dollar index lost 0.05 to 100.18. June 30-year T-Bonds were 3/32 lower at 147'25 while April gold gained $1.30 to $1,228.50. Crude oil added $0.18 to $48.93 while Brent crude gained $0.17 to $51.91. Dalian soybean futures were lower while Malaysian palm oil futures were higher again overnight.