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DTN Early Word Grains 12/20 05:56

20 Dec 2017
DTN Early Word Grains 12/20 05:56 The Stockings Were Hung March corn was fractionally higher, March soybeans were 2 cents higher, and March Chicago (SRW) wheat was 1 cent lower. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally higher, March soybeans were 2 cents higher, and March Chicago (SRW) wheat was 1 cent lower. CME Globex Recap: The grain and oilseed complex was mixed following another quiet overnight session with soybeans higher, winter wheat lower, and corn fractionally higher. Other commodity sectors were also quiet, except for bitcoin, though most markets were showing green early Wednesday. The U.S. dollar index was posting a small loss while DJIA futures rallied once again as the U.S. tax reform frenzy continues. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 37.45 points (0.1%) lower at 24,754.75, the NASDAQ Composite lost 30.91 points (0.4%) to 6,963.85, and the S&P 500 dipped 8.69 points (0.3%) to 2,681.47 Tuesday. DJIA futures were 83 points higher early Wednesday morning. Asian markets closed mixed with Japan's Nikkei 225 up 23.72 points (0.1%), Hong Kong's Hang Seng losing 19.57 points, and China's Shanghai Composite off 8.93 points (0.3%). European markets were trading mostly lower with London's FTSE 100 down 8.89 points (0.1%), Germany's DAX off 14.03 points (0.1%), and France's CAC 40 down 9.23 points (0.1%). The euro gained 0.0008 to 1.1847 as the U.S. dollar index lost 0.03 to 93.43. March 30-year T-Bonds were 3/32 higher at 151'19 while February gold gained $4.80 to $1,269.00. January bitcoin (CME) was $400 lower at $17,800. Crude oil was $0.18 higher at $57.74 while Brent crude slipped $0.05 to $63.75. China's Dalian soybean and Malaysian palm oil futures were lower overnight.