DTN Early Word Grains 04/28 05:55
28 Apr 2017
DTN Early Word Grains 04/28 05:55 More of the Same as April Nears its End July corn was 1 cent lower, July soybeans were fractionally lower, and July Kansas City (HRW) wheat was 2 cents higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: July corn was 1 cent lower, July soybeans were fractionally lower, and July Kansas City (HRW) wheat was 2 cents higher. CME Globex Recap: Once again, grain markets were mixed early Friday morning following a quiet overnight session. Kansas City (HRW) continued to show the most strength, as far as gains go, though the complex in general showed little buying interest associated to the sell-off in the U.S. dollar. Energies and metals were mostly higher while softs were mostly lower, the latter continuing Thursday's rough session. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 6.24 points higher at 20,981.33. The NASDAQ Composite gained 23.71 points (0.4%) to 6,048.94 and the S&P 500 added 1.32 points to 2,388.77 Thursday. DJIA futures were 3 points higher early Friday morning. Asian markets closed mostly lower with Japan's Nikkei down 55.13 points (0.3%), Hong Kong's Hang Seng off 83.35 points (0.3%), and China's Shanghai Composite up 2.47 points. European markets were trading mostly higher Friday with London's FTSE 100 off 18.33 points (0.2%), Germany's DAX gaining 15.31 points (0.1%), and France's CAC 40 up 14.28 points (0.3%). The euro was 0.0067 higher at 1.0940 while the U.S. dollar index lost 0.40 at 98.76. June 30-year T-Bonds were 8/32 lower at 152'15 while June gold added $2.20 to $1,268.10. Crude oil was $0.33 higher at $49.30 while Brent crude gained $0.24 to $51.68. China's Dalian soybean and Malaysian palm oil futures were both mostly higher overnight.