DTN Early Word Grains 12/22 05:57
22 Dec 2017
DTN Early Word Grains 12/22 05:57 A Long Winter's Nap March corn was fractionally lower, March soybeans were fractionally lower, and March Chicago (SRW) wheat was unchanged. By Darin Newsom DTN Senior Analyst 6:00 a.m. CME Globex: March corn was fractionally lower, March soybeans were fractionally lower, and March Chicago (SRW) wheat was unchanged. CME Globex Recap: Overnight trade in grain and oilseeds was quiet, heading into a holiday shortened Friday session. Markets will reopen Tuesday morning, with little volume expected over the following week. In other words, the complex looks to be tucked in for its long winter's nap. Other commodity markets did little overnight, with softs (including cotton) lower and energies mostly lower. Metals were mixed while the U.S. dollar index and DJIA futures were higher. OUTSIDE MARKETS: The Dow Jones Industrial Average closed 55.64 points (0.2%) higher at 24,782.29, the NASDAQ Composite gained 4.40 points to 6,965.36, and the S&P 500 added 5.32 points (0.2%) to 2,684.57 Thursday. DJIA futures were 26 points higher early Friday morning. Asian markets closed mostly higher with Japan's Nikkei 225 up 36.666 points (0.1%), Hong Kong's Hang Seng gaining 210.95 points (0.7%), and China's Shanghai Composite off 3.00 points. European markets were trading mostly lower with London's FTSE 100 up 5.58 points, Germany's DAX off 12.10 points, and France's CAC 40 down 12.21 points (0.2%). The euro lost 0.0024 to 1.1851 as the U.S. dollar index gained 0.09 to 93.38. March 30-year T-Bonds were 8/32 lower at 150'30 while February gold added $1.50 to $1,272.10. January bitcoin (CME) was $1,030 lower at $14,300. Crude oil was $0.26 lower at $58.10 while Brent crude slipped $0.23 to $64.67. China's Dalian soybean futures were sharply lower while Malaysian palm oil futures were mixed overnight.