DTN Early Word Grains 04/06 05:54
6 Apr 2017
DTN Early Word Grains 04/06 05:54 Thursday Brings a Little Red, a Little Green May corn was fractionally lower, May soybeans were fractionally 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 fractionally higher, and July Kansas City (HRW) wheat was fractionally higher. CME Globex Recap: Grains were mixed early Thursday morning with most contracts fractionally changed from Wednesday's close. Soybeans, Kansas City wheat, and Minneapolis spring wheat were on the plus side while corn and Chicago wheat were lower. Outside markets were also mixed, though both the U.S. dollar index and DJIA futures were showing small gains. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 41.09 points (0.2%) lower at 20,648.15. The NASDAQ Composite lost 34.13 points (0.6%) to 5,864.48 and the S&P 500 slipped 7.21 points (0.3%) to 2,352.95 Wednesday. DJIA futures were 3 points higher early Thursday morning. Asian markets closed mostly lower with Japan's Nikkei down 264.21 points (1.4%), Hong Kong's Hang Seng losing 127.08 points (0.5%), and China's Shanghai Composite adding 10.70 points (0.3%). European markets were trading mostly lower Thursday with London's FTSE 100 down 32.22 points (0.4%), Germany's DAX off 42.49 points (0.4%), and France's CAC 40 gaining 2.35 points. The euro was 0.0002 lower at 1.0663 while the U.S. dollar index gained 0.06 to 100.58. June 30-year T-Bonds were 8/32 lower at 151'08 while June gold gained $6.70 to $1,255.20. Crude oil was unchanged at $51.15 while Brent crude added $0.04 to $54.40. China's Dalian soybean futures were higher and Malaysian palm oil futures lower overnight.