DTN Early Word Grains 10/24 05:36
24 Oct 2018
DTN Early Word Grains 10/24 05:36 Higher U.S. Dollar has Commodities Off to Lower Start December corn was down 1 3/4 cents, November soybeans were down 3 1/4 cents, and December K.C. wheat was down 6 cents. By Todd Hultman DTN Analyst Pre-6:00 a.m. CME Globex: December corn was down 1 3/4 cents, November soybeans were down 3 1/4 cents, and December K.C. wheat was down 6 cents. CME Globex Recap: Stock markets in Asia and Europe are a little higher early Wednesday, reflecting the late session rebound in prices seen late Tuesday in the U.S. Dow Jones futures pointing to another lower start on Wednesday; the overall mood is less anxious. The commodity board however, is painted mostly red early Wednesday, facing a December U.S. dollar index trading up 0.42. OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average down 125.98 points at 25,191.43 and the S&P 500 down 15.19 points at 2,740.69 while the 10-year Treasury yield ended at 3.17%. Early Wednesday, DJIA futures were down 141 points. Asian markets are a little higher with Japan's Nikkei 225 up 80.40 (0.4%) and China's Shanghai Composite up 8.47 (0.3%). European markets are also a little higher with London's FTSE 100 up 19.59 points (0.3%), Germany's DAX up 10.50 points (0.1%), and France's CAC 40 up 17.86 points (0.4%). The euro was down .0064 and the U.S. dollar index was up 0.42 at 96.13. December 30-year T-Bonds were up 17/32nds while December gold was down $2.50 at $1,234.30 and December crude oil was down $0.13 at $66.30. Soybeans on China's Dalian Exchange were moderately lower again Wednesday and Malaysian palm oil futures were down 1.0%.