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DTN Early Word Grains 04/19 05:54

19 Apr 2017
DTN Early Word Grains 04/19 05:54 Mixed Grains for Breakfast Again May corn was unchanged, May soybeans were 5 cents higher, and July Kansas City (SRW) wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: May corn was unchanged, May soybeans were 5 cents higher, and July Kansas City (SRW) wheat was 1 cent lower. CME Globex Recap: Despite lower trade in both Dalian soybeans and Malaysian palm oil, the Chicago soybean complex was able to reverse course overnight to post small gains early Wednesday morning. Meanwhile, corn continued its streak of doing nothing during the overnight session while winter wheat contracts were lower. Outside markets were also mixed with energies mostly higher and metals mostly lower. The U.S. dollar index and DJIA futures were both slightly higher. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 113.64 points (0.6%) lower at 20,523.28. The NASDAQ Composite dipped 7.32 points (0.1%) to 5,849.47 and the S&P 500 lost 6.82 points (0.3) to 2,342.19 Tuesday. DJIA futures were 31 points higher early Wednesday morning. Asian markets closed mostly lower with Japan's Nikkei up 13.61 points, Hong Kong's Hang Seng off 98.66 points (0.4%), and China's Shanghai Composite down 26.03 points (0.8%). European markets were trading mostly higher Wednesday with London's FTSE 100 off 1.73 points, Germany's DAX gaining 38.15 points (0.3%), and France's CAC 40 up 19.87 points (0.4%). The euro was 0.0008 lower at 1.0722 while the U.S. dollar index was up 0.13 at 99.63. June 30-year T-Bonds were 16/32 lower at 154'21 while June gold lost $9.60 to $1,284.50. Crude oil was $0.12 higher at $52.53 while Brent crude added $0.18 to $55.07. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.