DTN Early Word Grains 11/15 05:44
15 Nov 2019
DTN Early Word Grains 11/15 05:44 Grains Slightly Lower Early Friday December corn is down 1/4 cent, January soybeans are down 1 1/4 cents and December KC wheat is down 1 1/2 cents. By Todd Hultman DTN Lead Analyst 6:00 a.m. CME Globex: December corn is down 1/4 cent, January soybeans are down 1 1/4 cents and December KC wheat is down 1 1/2 cents. CME Globex Recap: U.S. stock futures and European stock markets are modestly higher early Friday, trading at a new record high in the December Dow Jones futures contract. At the same time, CNBC.com reported global debt hit a new record high in the first half of 2019, led by a surge of borrowings from the U.S. and China. The December U.S. dollar index is quiet, while other commodity markets are mixed to lower. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 1.63 at 27,781.96 and the S&P 500 up 2.59 at 3,096.63 while the 10-Year Treasury yield ended at 1.81%. Early Friday, December Dow Jones futures are up 62 points. Asian markets are mixed with Japan's Nikkei 225 up 83.92 (0.4%) and China's Shanghai Composite down 10.26 points (-0.3%). European markets are higher with London's FTSE 100 up 7.71 points (0.1%), Germany's DAX up 50.48 points (0.4%) and France's CAC 40 up 39.39 points (0.7%). The December euro is up $.0002 at $1.1044. The December U.S. dollar index is up .03 at 98.05. The December 30-year T-bond is down 13/32nds, while December gold is down $7.30 at $1,466.10 and December crude oil is down $0.29 at $56.48. Soybeans are slightly higher and meal is a little lower on China's Dalian Exchange. January palm oil is down 1.5% overnight, pulling back from this week's new two-year high.