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DTN Early Word Grains 12/21 05:56

21 Dec 2017
DTN Early Word Grains 12/21 05:56 Visions of Sugar Plums March corn was fractionally higher, March soybeans were 1 cent lower, and March Chicago (SRW) wheat was 1 cent higher. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally higher, March soybeans were 1 cent lower, and March Chicago (SRW) wheat was 1 cent higher. CME Globex Recap: Grains were mostly higher with corn and the wheat complex showing small gains while rice and oats were lower early Thursday morning. On the other hand global oilseeds were mostly lower with selling seen in both Chicago and Dalian soybeans, bean oil, canola, and Malaysian palm oil while soybean meal was quietly higher. Energies and metals were lower and softs mostly higher while the U.S. dollar did little and DJIA futures rallied again. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 28.10 points (0.1%) lower at 24,726.65, the NASDAQ Composite lost 2.89 points to 6,960.96, and the S&P 500 dipped 2.22 points to 2,679.25 Wednesday. DJIA futures were 22 points higher early Thursday morning. Asian markets closed mixed with Japan's Nikkei 225 down 25.62 points (0.1%), Hong Kong's Hang Seng up 132.97 points (0.5%), and China's Shanghai Composite adding 12.45 points (0.4%). European markets were trading mixed with London's FTSE 100 up 19.10 points (0.3%), Germany's DAX off 2.01 points, and France's CAC 40 down 3.60 points. The euro gained 0.0001 to 1.1874 as the U.S. dollar index added 0.01 to 93.37. March 30-year T-Bonds were 5/32 higher at 150'23 while February gold lost $1.00 to $1,268.60. January bitcoin (CME) was $295 lower at $16,745. Crude oil was $0.10 lower at $57.99 while Brent crude slipped $0.15 to $64.41. China's Dalian soybean and Malaysian palm oil futures were both lower again overnight.