DTN Early Word Grains 11/13 05:42
13 Nov 2018
DTN Early Word Grains 11/13 05:42 Grains Weaker, Soy Firmer as Energy Markets Under Pressure December corn was down 1 cent, November soybeans were up 3 1/4 cents, and December KC wheat was down 3 3/4 cents. Tregg Cronin DTN Contributing Analyst Pre-5:00 a.m. CME Globex: December corn was down 1 cent, November soybeans were up 3 1/4 cents, and December KC wheat was down 3 3/4 cents. CME Globex Recap: Global equities are trying to rally back after another tough day Monday on Wall Street. Crude oil is working on a record losing streak with the spot month contract off another 2.50% overnight. Grain markets are mixed with little fundamental input Monday due to the Veterans Day Holiday. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average down 602.12 points at 25,387.18 and the S&P 500 down 54.79 points at 2,726.22 while the 10-year Treasury yield ended at 3.149%. Early Tuesday, DJIA futures are up 51.00 points. Asian markets were mixed with Japan's Nikkei 225 down 459.36 points (-2.06%) and China's Shanghai Composite was up 24.36 points (0.93%). European markets are higher with London's FTSE 100 up 14.23 points (0.20%), Germany's DAX up 65.42 points (0.58%), and France's CAC 40 up 6.35 points (0.13%). The euro was down 0.00120 at 1.12345 and the U.S. dollar index was down 0.0540 at 97.5850. September 30-year T-Bonds were down 4/32nds while December gold was down $5.70 at $1197.50 and December crude oil was down $1.44 at $58.49. Soybeans on China's Dalian Exchange closed down 0.49% and soymeal closed down 0.12%.